Commodity NCDEX Turmeric Market Updates and Tips

Turmeric futures closed high on tracking physical demand however, reports of good production from new season crops capped further rise. The prices have been supported over 7,200 levels as rains are expected in the Turmeric growing regions of Telangana. Expectations of increasing production in coming harvesting season and lowering export demand in recent months are putting pressure on turmeric prices at higher levels.

Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year. Turmeric trade ended the day at Rs. 7078 per quintal which is approx 1.11% up against its previous close.

@We Recommend Buy Turmeric futures during today’s trading session.

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