The most Active Apr’16 Turmeric Futures

The most active Apr’16 turmeric futures closed higher yesterday mainly on reports of good demand from the local stockists due to forecast of lower production. The Future contract for Apr’16 delivery at NCDEX closed 3.64% down at Rs 10,092 per quintal.

There is concern over production due to heavy rains during Nov-Dec in south India but the prices may remain little lower as trader may wait for new season crop in next one month. Deficient rainfall in during early part of sowing in major Turmeric growing regions of Maharashtra and Karnataka may reduce the yield.

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