Turmeric Futures Closed Higher

Turmeric futures closed higher on week due to reports of good demand from up-country buyers and forecast of heavy rains in Telangana and Maharashtra, which may damage standing turmeric crop. Turmeric Oct’16 delivery contract on NCDEX closed 4.39% higher to settle at Rs 7,186 per quintal. However, lowering export demand in recent months is pressurizing prices.

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