Turmeric Futures Closed Lower



NCDEX Turmeric futures closed lower due to profit booking by the market participants tracking steady demand in the physical market. In the current month, prices have declined about 6% from high due to profit booking by market participants after it surged about 8% in April. Supplies from the new season turmeric have been lower during first 25 days of May at 46,800 t (Vs 65,555 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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