Turmeric Futures Closed Little Higher

Turmeric futures closed little higher on technical rebound but expectation of weak spot demand and good health of new season crop in south Indian states may weigh on prices. The prices of turmeric are moving sideways to down due to mixed fundamentals of good sowing acreage coupled with declining supplies. The Sep’16 delivery contract on NCDEX closed 0.18% higher to settle at Rs 7,694 per quintal. The demand from the industrial may support prices.

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