Turmeric Futures Closed Lower On Wednesday

Turmeric futures closed lower on Wednesday on higher arrivals and lower 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. Turmeric Sep’16 delivery contract on NCDEX closed 0.75% lower to settle at Rs 7,418 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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