Turmeric On NCDEX Settled Down By -0.72% At 6348

Turmeric on NCDEX settled down by -0.72% at 6348 on late profit booking after prices gained earlier on hopes of rising upcountry demand. 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. 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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