Turmeric Closed Unchanged On Tuesday




NCDEX Jul Turmeric closed unchanged on Tuesday due to good physical demand and diminishing arrivals. In the current month, prices have surged more than 3.1% on expectation of lower supplies in coming months. Supplies from the new season turmeric have been lower during May at 53,500 t (Vs 73,500 t) compared last year, as per Agmarknet data. The export of turmeric was down by 24% at 10,462 tonnes in April 2018 compared to last years’ exports. Exports are lower by 15.5% in first 4 month of current year compared to last year.

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