Turmeric on NCDEX settled down -1.23% at 8050 on good sowing acreage due to better irrigation facilities and sufficient rains in the producing belts of Tamil Nadu. Though, some losses were capped on rising demand from the medicinal and cosmetic industry.  

As per dept of commerce data, turmeric exports in 2015-16 are pegged at 85,426 tonnes while the export for the 2014-15 was 90,738 tonnes for the same period. 

At Nizamabad market arrivals were reported at 1500 quintals, higher by 600 quintals from previous trading day. At Erode market, total arrivals are at 7000 quintals, higher by 4000 quintals as compared to previous day.

Spot turmeric prices increased at Erode markets as some traders have received a few upcountry orders. Technically market is under fresh selling as market has witnessed gain in open interest by 1.14% to settled at 20910 while prices down -100 rupee, now Turmeric is getting support at 7993 and below same could see a test of 7935 level, And resistance is now likely to be seen at 8125, a move above could see prices testing 8199.