Turmeric On NCDEX Settled Down By -0.22% At 6394

Turmeric on NCDEX settled down by -0.22% at 6394 tracking weakness in spot demand and weak export buying. Tight money market and reports of increased production the back of favorable weather also weighing on prices. Arrivals are increasing on weekly basis and higher than last year as a result of higher production. However long term outlook is seen positive as export are expected to recover for new crop once arrivals slow down India's Apr-Dec turmeric output grew 6% to 68,500 ton.

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