Turmeric On NCDEX Settled Down By -0.62% At 8274

Turmeric on NCDEX settled down by -0.62% at 8274 on slack upcountry orders at the spot market. Further, arrival of medium and poor quality turmeric from the producing belts too fuelled the downtrend. The arrivals in the main physical markets such as Nizamabad, Duggirala (AP), Salem, Erode and Sangli reported decreasing compared to last week. Good sowing progress in Karnataka and Tamilnadu may pressurize prices in coming weeks. However, in Telangana, sowing is completed in only in 5,088 hectares, down by 47.6 per cent compared to last year.

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