Turmeric On NCDEX Settled Down -1.01% At 6892

Turmeric on NCDEX settled down -1.01% at 6892 as there are reports of good production from new season crops as the harvesting begins in the next month. Currently the supplies are for medium and poor quality in December till new crop arrives. On the export front, country exported about 51,147 tonnes of turmeric during April-August period up by 32% compared last year, as per government data. Expectations of increasing production in coming harvesting season and lowering export demand in recent months are putting pressure on turmeric prices at higher levels. Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year. The arrival of turmeric to Erode markets increased.

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