Turmeric Futures Closed Lower On Monday

Turmeric futures closed lower on Monday due to steady demand coupled with good forecast for rains in south during next fortnight. Moreover, good health of new season crop in south Indian states also weigh on prices in recent weeks. Turmeric Sep’16 delivery contract on NCDEX closed 1.49% down to settle at Rs 7,396 per quintal. The demand from the industrial may support prices. The prices of turmeric are moving sideways to down due to mixed fundamentals of good sowing acreage coupled with declining supplies.

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