Turmeric On NCDEX Settled Up 0.79% At 8214

Turmeric on NCDEX settled up 0.79% at 8214 due to pickup in physical demand at the spot market. Though, some gains were capped on hopes of good output as weather in the turmeric-growing regions is expected to remain good for the season. The arrivals in the main physical markets such as Nizamabad, Duggirala (AP), Salem, Erode and Sangli reported decreasing. There is expectation of lower arrivals and good upcountry demand may lend support in coming weeks.

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