Turmeric On NCDEX Settled Up 0.27% At 6752

Turmeric on NCDEX settled up 0.27% at 6752 on anticipation of rising physical demand at the spot market. However upside seen limited as new season turmeric crop has now entered into the markets in South India. The price of the turmeric is stable for the past two days. Prices fluctuated based on the quality of turmeric. Traders feel the price will decrease soon as they expect bumper crop arrival in Andhra Pradesh, Maharashtra, Assam and Kolkata. Due to adverse seasonal condition and failure of seasonal rains in Tamil Nadu, the production of the spice decreased this year.

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