Turmeric Futures Closed Lower

Turmeric futures closed lower on expectation of weak spot demand due to quality issues and good health of new season crop in south Indian states. 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 3.35% lower to settle at Rs 7,680 per quintal. The demand from the industrial may support prices.

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