Turmeric Futures Continue To Trade Higher

Turmeric futures continue to trade higher due to higher demand for new season arrivals. The Apr’16 delivery contract at NCDEX settles 2.12% higher at Rs 8,568 per quintal. Further, reports of good upcountry 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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