Turmeric On NCDEX Settled Down By -1.95% At 5544

Turmeric on NCDEX settled down by -1.95% at 5544 continuing its losses on lower demand in the physical market on reports of higher stocks available with the farmers. 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. Turmeric arrivals in the country lower in April to 92,964 tonnes compared to 1,35,887 tonnes during March, 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 AprilFeb 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 Nizamabad market total arrivals are at 6000 quintals, down by 4000 quintals from previous trading day.

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