The traders are keen in buying the quality turmeric, which is held by farmers on expectation on higher prices later in the season.Spot turmeric prices increased at Erode markets due to quality arrivals. Traders procured quality turmeric by quoting increased price for their orders. Still they are waiting for fresh upcountry demand. The hybrid turmeric fetched good price.

Trading Ideas:

Turmeric trading range for the day is 8438-8778.

Turmeric prices ended with gains due to increasing demand by participants on anticipation of good export demand.

Farmers are holding good quality stocks hoping prices to go up in the coming months.

NCDEX accredited warehouses turmeric stocks gained by 170 tonnes to 3614 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 8779.55 rupees gained 72.05 rupees.

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