On NCDEX Settled Down -0.5% At 6376

On NCDEX settled down -0.5% at 6376 as pressure continues as turmeric output is expected to be bumper as not only the acreage was higher but weather remained favourable. In coming days, arrivals are expected to increase which could put pressure over 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. On the export front, country exported about 82,115 tons during April-December period, up by 28% compared to last year exports of 64,105 tons. Though, some gains were capped on heavy arrivals from the producing belts.

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