Turmeric On NCDEX Settled Down By -1.68% At 5602

Turmeric on NCDEX settled down by -1.68% at 5602 due to lower demand from industrial buyers and higher stocks available in the country. Turmeric arrivals in the country are lower in first 7 days of May at 11,528 tonnes compared to 20,703 tonnes during April (1-7), as per the data. The lower arrivals are due to poor realization by the farmers. On the export front, country exported about 97,596 tonnes during April-Feb period, up by 26.6% compared to last year exports of 77,087 tonnes, as per government data. There are expectations of improved demand in coming weeks as prices are lower. At Duggirala market, total arrivals are at 3252 quintals, higher by 3250 quintals from previous day’s arrivals. At Sangli market, estimated market supply was at 7000 quintals, lower by 1000 quintals as compared to previous day. At Erode market, total arrivals are at 3000 quintals, down by 1000 quintals as against previous day.

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