Turmeric Futures Closed Higher Yesterday

Turmeric futures closed higher yesterday as arrivals have dip at south Indian markets including Erode. The price trend is looking mostly sideways as market participants anticipating good sowing in next season on forecast of good rains. The Jun delivery contract on NCDEX closed 0.27% high to settle at Rs 8,170 per quintal.

Turmeric arrivals have been higher in Feb and March compared to last year but the arrivals have slowed in April as per agmarknet data. New season crop has hit the markets and continue to peak in current month but majority of arrivals are of medium quality.

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