Turmeric On NCDEX Settled Down -1.36% At 6834

Turmeric on NCDEX settled down -1.36% at 6834 on heavy arrivals of new season crop from the producing regions. Though, improving domestic and up-country demand at the spot market, capped some losses. The supplies are improving and there is good demand for the new season crop too. The harvesting is going on in key producing states – Maharashtra, Tamilnadu and Karnataka. On the export front, country exported about 74,524 tonnes, up by 32% during April-Nov period compared last year exports of 56,471 tonnes, as per government data. Spot turmeric prices decreased at Erode markets as there was no upcountry demand for the spice. But the traders quoted higher price and purchased all the bags of new turmeric.

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