Turmeric Futures For August Delivery On NCDEX

Turmeric futures for August delivery on NCDEX jumps more than 5.9% or Rs. 434 this week to touch 9 months high of Rs. 7,756 per quintal amid lower arrivals, below normal rains in turmeric producing areas of Telangana, low sowing progress and good demand. After good start to turmeric sowing in Telangana, the acreage of turmeric as on 2nd August is , down 3.5% to 41,715 hectares as compared to last year acreage of 43,226 hectares. Market arrivals dropped about 30% in July compared to June.

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