Turmeric On NCDEX Settled Down By -0.49% At 6086



Turmeric on NCDEX settled down by -0.49% at 6086 on profit booking after prices gained as support seen as the turmeric arrivals in the country is sliding. 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 crucial monsoon rains are expected to be average in 2017, a senior official at the weather office said, easing concerns over farm and economic growth in the world's leading producer of an array of farm goods. Monsoon rains in 2017 would be 96 percent of a long-term average.

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