Turmeric Futures Closed Lower

Turmeric futures closed lower last week on expectation of a good crop this season chart based trading but the prices have recovered on Friday on technical bounce from lower levels. Turmeric Jan’17 delivery contract on NCDEX closed lower by 1.72% down last week to settle at Rs 6,874 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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