Turmeric On NCDEX Settled Down By -0.83% At 7130

Turmeric on NCDEX settled down by -0.83% at 7130 on expectation of higher production in the coming year due to strong sowing of turmeric in the producing belts of Karnataka. No crop damage reported for Turmeric due to recent heavy rainfall in Telangana. Telangana state is major Turmeric growing state in India. However, rising demand at the spot market ahead of festival season, capped some losses. In Telangana State, Turmeric sowing reported week ending 28-09-2016, around 45633 hectares as compared to last year same period 40830 hectares, normal in season 48083 hectares.

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