Turmeric On NCDEX Settled Down -0.2% At 7986

Turmeric on NCDEX settled down -0.2% at 7986 on expectation of rising turmeric sowing area in growing regions following good monsoon in current year. In Telangana State, Turmeric sowing reported, around 17784 hectares as compared to last year same period 19682 hectares, normal in season 48083 hectares. In Andhra Pradesh, Turmeric sowing complete around 287 hectares as compared to last year 781 hectares. Good monsoon in current year expected increasing Turmeric sowing area in growing regions. About 3,000 bags of turmeric were sold at Erode markets. Nearly 4,500 bags of the spice arrived for sale and 70 per cent of the stocks were sold.

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