Turmeric On NCDEX Settled Down By -0.22% At 6328

Turmeric on NCDEX settled down by -0.22% at 6328 due to heavy arrivals from the producing regions. Though, losses gains were capped amid rising exports demand at the spot market. On the export front, country exported about 82,115 tons during April-Dec period, up by 28% compared to last year exports of 64,105 tons. In coming days, arrivals are expected to increase which could put pressure over prices. Prices may decline due to pressure of arrivals but improved domestic and export demand for the new turmeric may support prices. New crop arrivals have started in all the major producing centres of Andhra Pradesh, Telangana, Maharashtra, Odisha. Production in the ongoing season is expected to increase mainly on higher sowing area and favourable weather conditions in Maharashtra, Telangana and Andhra Pradesh etc.

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