Turmeric Futures Closed Lower

Turmeric futures closed lower on Thursday on lower up country demand and good forecast of rains in south during next fortnight. Turmeric Sep’16 delivery contract on NCDEX closed 2% down to settle at Rs 7,154 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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