Turmeric On NCDEX Settled Down By -0.91% At 8288

Turmeric on NCDEX settled down by -0.91% at 8288 on profit booking after gaining on lower arrivals from the producing states and amid expectation of pickup in demand. Sowing operations are reported in full swing in most of the producing states as rains have picked up in the producing areas of Andhra Pradesh, Telengana, Tamil Nadu, Odisha and Maharashtra thanks to good monsoon rains. Traders are expecting higher acreage this year. In Telangana State, Turmeric sowing reported, around 21028 hectares as compared to last year same period 25516 hectares, normal in season 48083 hectares.

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