Turmeric On NCDEX Settled Down -1.15% At 6698

Turmeric on NCDEX settled down -1.15% at 6698 on expectation of better supplies of new turmeric crops from the producing belts. However, some losses were capped on anticipation of rising upcountry demand at the spot market. In Sangli (Maharashtra), new Turmeric crop coming to the market with small quantity around 450 bags (1 bag = 70kgs), for new crop price quoted in a range of Rs.6800 - Rs.8000/qtl depends on quality and variety. Turmeric crop reported well in Maharashtra state expected better production compared to last year.

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