Turmeric Futures Traded Sideways

Turmeric futures traded sideways to negative last week due to higher arrivals in spot market. However, good demand from stockists and anticipation higher export may keep prices higher. The Apr’16 delivery contract at NCDEX settles 0.57% down at Rs 8,796 per quintal. However, expectation of higher arrivals may keep price sideways. The arrivals have improved last week at 8,725 tonnes compared to 5,151 tonnes last week across the country as per agmarknet data. New season crop has hit the markets but majority of arrivals are of medium quality turmeric.

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