Dropped On Profit Booking

Dropped on profit booking after prices gained due to limited arrivals of good quality turmeric at the spot market. The traders are keen in buying the quality turmeric, which is held by farmers on expectation on higher prices later in the season. Prices continue to stabilize as peak season crop arriving in the market. New season crop has hit the markets but majority of arrivals are for medium quality turmeric. 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

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