Turmeric On NCDEX Settled Down By -1.97% At 7048





Turmeric on NCDEX settled down by -1.97% at 7048 due to the arrival of medium and poor quality turmeric from the producing belts. However heavy rains in turmeric growing areas in Tamilnadu and Andhra Pradesh may affect the standing crop. 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. On the export front, country exported about 51,147 tonnes of turmeric during April-September period, up by 27% to 58,233 tonnes compared last year, as per government data. Spot prices of both the varieties of turmeric improved at Erode on quality arrivals. 

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