NCDEX August Turmeric Futures Continue

NCDEX August Turmeric futures continue its uptrend on Thursday on dry conditions in turmeric growing areas, slower sowing progress and good physical demand. In Telangana, turmeric acreage as on 29-Jul-17, down 2.5% to 39,000 hectares as compared to last year acreage of 40,000 hectares Market arrivals dropped about 30% in July compared to June.

As per Agmarknet data, about 19,218 tonnes arrived in July compared to 27,373 tonnes in previous month. As per the data release by government, turmeric exports during May 2017 was down 18% to 11,204 tonnes on year but the exports during first five months in 2017 is 54,058 tonnes, up 22% compared to last year exports volume for the same period.

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