Turmeric Futures Closed Lower



NCDEX Turmeric futures closed lower on profit booking by market participants. The prices are traded in a range this week. Last week it touched 15 weeks high tracking improved demand in physical market due to reports of lower stocks. In the current month, prices have declined about 4.2% from high and then recovered about 1.9%. Supplies from the new season turmeric have been lower during first 21 days of May at 40,400 t (Vs 56,568 t) compared last year, as per Agmarknet data. The export of turmeric is down by 11.8% to 98,487 tonnes for the first 11 month of FY 2017/18 (Apr-Feb) compared to last years’ exports. The export of turmeric is down by 11.8% to 98,487 tonnes for the first 11 month of FY 2017/18 (Apr-Feb) compared to last years’ exports.

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