NCDEX Turmeric Continue Its Down Trend On Monday

NCDEX Turmeric continue its down trend on Monday tracking lower prices in spot market due to higher supplies and steady demand. However, turmeric arrivals in the country is on higher side during second half of March at 79,534 tonnes compared to 63,965 tonnes during last month same period, as per the Agmarknet data. On the export front, country exported about 89,704 tonnes during April-Jan period, up by 28.3% compared to last year exports of 69,870 tonnes, as per government data. There are expectations of improved demand in coming weeks as prices are lower.

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