Turmeric Futures Closed Down

Turmeric futures closed down last week as damage to the turmeric crop in recent rains is not significant and expected a good crop next season. Turmeric Jan’17 delivery contract on NCDEX closed lower by 2.21% last week to settle at Rs 6,994 per quintal. The stock positions of Turmeric in the Exchange warehouses in the current season are only stock at Sangali (1142 tonnes as on 16-Dec-16) while last year the stocks were stored in Duggirala, Erode and Nizamabad too and recorded about 4446 tonnes.

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