Turmeric On NCDEX Settled Down By -2.49% At 6820

Turmeric on NCDEX settled down by -2.49% at 6820 due to reports of increased output thanks to favourable weather and higher sowing. This year not only acreage has gone up but crop is also free from pest and disease. Pressure also seen due to good production estimates as recent rains have not affected the standing crop. India exported about 51,147 ton in 2016-17 until August which is up by 32% compared to last year in the corresponding period of 38,761 ton, as per the data released by Department of Commerce.

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