Turmeric Futures Closed Lower

Turmeric futures closed lower as arrivals have been increasing steadily in the physical market. The May delivery contract on NCDEX closed lower by 0.91% to settle at Rs 8,280per 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.
As per dept of commerce data, turmeric exports for the period April 2015- Feb 2016 is pegged at 77,081 tonnes while the export for the 2014-15 was 83,713 tonnes for the same period.

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