Turmeric Futures Continue



Turmeric futures continue its downtrend due to slow down in physical and export demand coupled forecast of favorable weather conditions in turmeric growing areas. Turmeric Sep’16 delivery contract on NCDEX closed 1.69% down to settle at Rs 6,728 per quintal. The prices of turmeric are moving sideways to down due to mixed fundamentals of good sowing acreage coupled with declining supplies. The demand from the industrial buyers may support prices.

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