Turmeric Futures Recovered On Wednesday

Turmeric futures recovered on Wednesday on reports low level buying by the market participants. The prices have declined in recent past as market is expecting a good crop this season. Turmeric Jan’17 delivery contract on NCDEX closed higher by 0.88% to settle at Rs 6,858 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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