Turmeric On NCDEX Settled Up By 1.54% At 8294

Turmeric on NCDEX settled up by 1.54% at 8294 on short covering amid expectation of pickup in demand from August onwards ahead of festive season in India. However upside seen limited due to the arrival of inferior quality turmeric from the producing belts. 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. Sowing in Telangana was lower at 28,068 hectare as on now as against 29,359 hectare a year ago. Even in Andhra Pradesh sowing is down but doing well in other states. India's 2015-16 output was hit by weak rains

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