Turmeric Futures Prices Closed

Turmeric futures prices closed little higher yesterday due ot chart based buying as peak season crop arriving in the market. The Apr’16 delivery contract at NCDEX settles 0.25% higher at Rs 8,874 per quintal. New season crop has hit the markets but majority of arrivals are of 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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