Turmeric Futures Closed Higher On Tuesday

Turmeric futures closed higher on Tuesday due to good demand despite sowing progressing well in South India. The Jul’16 delivery contract on NCDEX closed 0.22% higher to settle at Rs 8,064 per quintal. Earlier, prices were in uptrend on reports of forecast of tight supplies and good demand from the stockists. The arrivals in the main physical markets such as Nizamabad, Duggirala (AP), Salem, Erode and Sangli reported decreasing compared to last week.

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