Turmeric On NCDEX Settled Up By 2.28% At 6904

Turmeric on NCDEX settled up by 2.28% at 6904 on account of improved demand for exports and up-country buyers at the spot market. However, increasing arrivals of turmeric in the physical market as harvesting is going on in key producing states, capped some gains. 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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