Turmeric Futures Closed Higher On Tuesday

Turmeric futures closed higher on Tuesday as prices is consolidating near current levels as market is waiting for the new season crop. Turmeric is trading range bound since last some trading session as market is expecting a good crop this season. Turmeric Jan’17 delivery contract on NCDEX closed lower by 0.27% higher to settle at Rs 6,792 per quintal. The stock positions of Turmeric in the Exchange warehouses in the current season are only stock at Sangali (1142 tonnes as on 25-Dec-16) while last year the stocks were stored in Duggirala, Erode and Nizamabad too and recorded about 4446 tonnes.

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