Turmeric On NCDEX Settled Down By -1.07% At 6626

Turmeric on NCDEX settled down by -1.07% at 6626 on anticipation of better supplies of new turmeric crops from the producing belts. Though, some losses were capped on good up country 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. As per trade information, from Karnataka Belgaum district new Turmeric will come to the market from February first week.In Nizamabad major growing regions Turmeric standing crop also reported well.

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