The Uptrend In Turmeric Futures Continue

The uptrend in Turmeric futures continue last week due to limited arrival of good quality turmeric fetching good price. However higher demand for new season arrivals. The Apr’16 delivery contract at NCDEX settles 0.02% lower at Rs 8,532 per quintal on Friday. Further, reports of good up-country demand by the physical market players as quality turmeric arrived in south Indian markets.

Further, there are reports of production concern due to drought in Maharashtra and Andhra Pradesh. There is concern over production due to heavy rains during Nov-Dec in south India. 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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