Turmeric futures for Nov delivery closed lower on Tuesday



Turmeric futures for Nov delivery closed lower on Tuesday on profit booking as market participants are expecting good production. The trend looks positive due to wet conditions in the southern peninsula which may affect the production. The export of turmeric is down by 16.4% to 41,517 tonnes for the first 4 month of FY 2017/18 compared to last years’ exports. For 2017/18, turmeric sowing in Telangana, this season down 1.5% to 44,956 hectares as compared to last year acreage of 45,633 hectares.

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