Turmeric On NCDEX Settled Down By -0.59% At 6794

Turmeric on NCDEX settled down by -0.59% at 6794 on higher turmeric output from the producing belts following higher sowing and favorable weather conditions. Though, some losses were capped due to pickup in spot demand from the stockists and up-country buyers at the spot market. 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.

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