Turmeric on NCDEX settled up by 0.97% at 7268 due to expectation of good demand from domestic as well as upcountry buyers ahead of festival season. Though, higher arrivals from major producing belts capped some gains in turmeric prices.  In Telangana State, Turmeric sowing reported week ending 28-09-2016, around 45633 hectares as compared to last year same period 40830 hectares, normal in season 48083 hectares.

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Turmeric crop is in vegetative stage to flowering stage.  Warangal districts reported highest 12030 hectares compared to last year 7558 hectares, Nizamabad 11754 hectares, Adilabad 7135 hectares compared to last year 7253 hectares till date.

                        Trading Ideas 

1. Turmeric trading range for the day is 7118-7414.

2. Turmeric prices gained due to expectation of good demand from domestic as well as upcountry buyers ahead of festival season.

3. Though, higher arrivals from major producing belts capped some gains in turmeric prices.  

4. NCDEX accredited warehouses turmeric stocks dropped by 10 tonnes to 3776 tonnes.

5. In Nizamabad, a major spot market in AP, the price ended at 7489.45 rupees dropped -6.6 rupees.