Turmeric On NCDEX Settled D0own -1.3% At 7010

Turmeric on NCDEX settled down -1.3% at 7010 on higher arrivals from the producing regions. However, expectation of pickup in domestic demand ahead of festival seasons, capped some losses. Further, lower export demand too fuelled the downtrend. Pressure also seen on forecast of dry weather across turmeric growing states during the second half of October, which may be favorable for crop ripening. The demand from the industrial buyers will support the prices just before new season harvesting.

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