Turmeric Futures Fell On Tuesday

Turmeric futures fell on Tuesday on reports of new season turmeric will hit the markets in south India in the new year and damage to the turmeric crop in recent rains is not significant. Market is expecting a good crop this season. Turmeric Jan’17 delivery contract on NCDEX closed lower by 0.32% to settle at Rs 6,798 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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