Turmeric On NCDEX Settled Down -0.21% At 6780



Turmeric on NCDEX settled down -0.21% at 6780 on late profit booking after prices seen supported due to pickup in good spot demand from the stockists and up- country buyers. 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. Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year.

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