Turmeric trading range for the day is 8814-9226

Turmeric settled down -2.18% at 8984 on the back of upsurge in arrivals. Though, some losses were capped by rising upcountry demand from north India pockets. Good rains in second part of September in southern peninsula region may enhance the turmeric production and quality but lower area in Telangana may reduce production this year. As on latest sowing data, turmeric sowing In AP, is recorded at 15,864 hectares increase over last years’ acreage as well normal sowing area progress however in Telangana, the sowing area is lower than the normal sowing area at 40,823 hac compared to 43,470 hac last year.
Trading Ideas:
Turmeric trading range for the day is 8814-9226.
Turmeric prices ended with losses on the back of upsurge in arrivals.
Though, some losses were capped by rising upcountry demand from north India pockets.
NCDEX accredited warehouses turmeric stocks dropped by 334 tonnes to 7733 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 8845.45 rupees dropped -39.75 rupees.


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