Turmeric On NCDEX Settled Up By 0.78% At 8038



Turmeric on NCDEX settled up by 0.78% at 8038 on short covering after prices dropped on rising output as recent rains will help the farmers to speed up sowing operations. Reports of steady domestic demand and expectation of higher sowing prospects have pressurizing prices. Turmeric arrivals have been higher in February, March and April compared to last year but the arrivals have slowed in May as per data. However, the arrivals are higher by 105% in May 2016 compared to last year same month.

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