Turmeric Futures Closed Lower



Turmeric futures closed lower on Monday due to reports of good production from new season crops as the harvesting will begins in the next month. However, the prices have been supported over 7,200 levels as rains are expected in the Turmeric growing regions of Telangana. Turmeric Dec’16 delivery contract on NCDEX closed 2.06% lower to settle at Rs 7,218per 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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