NCDEX July Turmeric Jumped Higher By 6.64%

NCDEX July Turmeric jumped higher by 6.64% last week with higher volumes due as Telangana, highest producing turmeric state, has received large deficient rains (-60% LPA) last week. Moreover, in Telangana, turmeric acreage as on 05-Jul-17, down 18% to 14,556 hectares as compared to last year acreage of 17,784 hectares. The normal acreage is close to 47,000 hectares. Market arrivals dropped about 60% in June compared to May. As per Agmarknet data, about 27,448 tonnes arrived in June compared to 73,436 tonnes during previous month. As per the data release by government, turmeric exports during first four months in 2017 is 42,855 tonnes, up 40.7% compared to last year same period.

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