Turmeric On NCDEX Settled Down

Turmeric on NCDEX settled down by -2.33% at 8296 on account of easing demand from retailers and stockiest at the spot market. Further, adequate stocks position on higher arrivals from growing regions too fuelled the downtrend. Spot turmeric prices increased at Erode markets. Arrival of the spice did not increase despite the farmers having huge stock of old and new turmeric with them. Yesterday around 10,200 bags arrived and 65 per cent were sold. The price of the hybrid turmeric was up Rs.100 a quintal and the other varieties were sold for a slightly higher price.

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