Turmeric On NCDEX Settled Up 1.34% At 6944

Turmeric on NCDEX settled up 1.34% at 6944 supported by surging domestic as well as exports demand in the spot market. Though, some gains were capped on reports of higher output and scattered commencement of crop supplies in the producing centers. 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

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