Turmeric Futures Closed Higher

Turmeric futures closed higher yesterday as market participants get active at lower levels on anticipation of limited supplies and good demand in coming weeks. The Jun delivery contract on NCDEX closed higher by 0.59% to settle at Rs 8,192 per quintal.

Turmeric arrivals have been higher in Feb and March compared to last year 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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