Turmeric Prices Gained



Turmeric prices gained on anticipation of rising physical as well as export demand at the spot market. However upside seen limited on higher turmeric output due to good sowing and favorable weather conditions at the producing belts. Turmeric output is seen higher at 7 million bags thanks to higher sowing and favorable weather conditions. Prevailing high prices encouraged farmers to plant more turmeric this year. 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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