Turmeric On NCDEX Settled Up By 3.99% At 7186

Turmeric on NCDEX settled up by 3.99% at 7186 on short covering tracking firmness in spot demand after prices dropped in last some sessions due to higher acreage and lack of support on hopes of higher output. According to data of agriculture department of Andhra Pradesh, sowing of turmeric stood at 17,000 hectare until Oct 5 up from 15,000 hectare a year ago. In Telangana, turmeric sowing stood at 46,000 hectare versus 43,000 hectare a year ago. 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.

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