Turmeric Futures Recover A Little Yesterday

Turmeric futures recover a little yesterday at lower levels. However, slow down in physical and export demand coupled forecast of favorable weather conditions in turmeric growing areas capped further gains. Turmeric Sep’16 delivery contract on NCDEX closed 0.39% higher to settle at Rs 6,754 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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