Turmeric On NCDEX Settled Down By -0.22% At 6250

Turmeric on NCDEX settled down by -0.22% at 6250 due to rising arrivals on the back of increased output. Turmeric farmers and traders have been hit hard by poor sales during peak season. Many traders and farmers expected good sales of turmeric during the peak period, which started a month ago. But, this year, for the first time in recent history, both farmers and traders are in agony due to poor production and tepid demand from North India. India's Apr-Dec turmeric export 25% to 85,500 ton on year. Last year, India exported 68,500 ton in the same period. At Warangal market arrivals were reported at 1500 bags, up by 1300 bags from previous trading day. At Duggirala market traders reported arrivals at 1552 quintals, higher by 48 quintals as compared to previous day

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