NCDEX Turmeric Closed Lower On Tuesday

NCDEX Turmeric closed lower on Tuesday maintly on profit booking as there were good rains in last few days in southern peninsula. Moreover, rising physical demand coupled with diminishing supplies capped further drop. This season the prices have been lower on less demand from upcountry and industrial buyers. Turmeric arrivals in the country are higher in the month of May. As per Agmarknet data, about 6,378 tonnes arrived last week compared to 11,942 tonnes during previous week.

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