Turmeric Settled Up By 0.83% At 9984

Turmeric settled up by 0.83% at 9984 on arrival of quality turmeric and good demand from the local stockists at the spot market. Though, some gains were limited due to non receipt of fresh upcountry orders. There is concern over production due to heavy rains during Nov-Dec in south India. Heavy rains in south peninsula during November and early December may damage turmeric crop in Tamilnadu and some parts of Karnataka. As per dept of commerce data, turmeric exports till September, 2015 pegged at 50,916 tonnes while the export for the 2014-15 is 90,738 tonnes compared to 78,360 tonnes in FY14. 

 At Erode market arrivals were reported at 2800 quintals, lower by 3200 quintals as against previous day. At Warangal market total arrivals are at 85 bags, higher by 10 bags as compared to previous day. At Nizamabad market arrivals were reported at 500 quintals, lower by 100 quintals from previous trading day. Spot prices of turmeric at Erode markets were down by Rs. 200 to Rs. 9,800 a quintal.

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