Turmeric Futures Closed Higher On Tuesday

Turmeric futures closed higher on Tuesday tracking physical demand and forecast of heavy rains in turmeric area. The prices have been supported over 7,150 levels as rains are expected in the Turmeric growing regions of Tamilnadu, Telangana and Andhra Pradesh. Turmeric Jan’17 delivery contract on NCDEX closed 0.53% to settle at Rs 7,190 per quintal. The stock positions of Turmeric in the Exchange warehouses in the current season are only stock at Sangali while last year the stocks were stored in Duggirala, Erode and Nizamabad too.

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