Turmeric On NCDEX Settled Up 0.21% At 5602

Turmeric on NCDEX settled up 0.21% at 5602 on expectation of rising exports demand at the spot market. Further, lower arrivals from the producing regions also added support to turmeric prices’ uptrend. Reports showed that the turmeric arrivals in the country are lower in first 15 days of May at 36,489 tons compared to 73,824 tons during April (1-15). 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 Nizamabad market, sources reported arrivals at 4000 quintals, lower by 2000 quintals as compared to previous day. At Sangli market estimated market supply was at 4000 quintals, down by 500 quintals from previous trading day.

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