Turmeric On NCDEX Settled Down By -0.53% At 7096

Turmeric on NCDEX settled down by -0.53% at 7096 amid profit booking after prices gained due to upsurge in demand at the spot market. However downside seen limited amid poor arrivals due to rainfall in the producing belts of Maharashtra, Andhra Pradesh and Tamil Nadu. India's turmeric output in 2016-17 (Jul-Jun) is expected to rise because of better rainfall this season in key growing areas such as Maharashtra, Telangana, Karnataka and Tamil Nadu, report added. Traders are expecting turmeric production in Maharashtra to be around 1.2-1.5 million bags (Each bag of 70 kgs) as against 0.8- 1 million bags in the previous year.

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