Turmeric On NCDEX Settled Up By 0.4% At 6962

Turmeric on NCDEX settled up by 0.4% at 6962 on receipt of some fresh demand from North India. Further, expectation of heavy rains in the Turmeric growing areas of Tamil Nadu, Andhra Pradesh and Telengana too fuelled the uptrend. 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.

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