Commodity Turmeric Trade Volatile today

Turmeric futures closed little lower on yesterday as sowing progressing well in South India. prices were in uptrend on reports of forecast of tight supplies and good demand from the stockists. The arrivals in the main physical markets such as Nizamabad, Duggirala (AP), Salem, Erode and Sangli reported decreasing compared to last week.

There have been normal to excess rainfall over turmeric growing regions. Acreage under turmeric is expected to increase in 2016-17 (Jul-Jun) because of good rains. Turmeric trade ended the day at Rs. 7980 per quin which is approx 0.08% down against its previous close. We recommend buy Turmeric futures during today’s trading session.

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