Turmeric on NCDEX settled down by -0.96% at 7246 on profit booking on limited demand at the spot market. Though, some losses were capped on expectation of heavy rains in the Turmeric growing areas of Tamil Nadu, Andhra and Telengana. Meanwhile, expectations of a bigger crop compared to last year may too weigh the market sentiments. India produced less turmeric during 2015-16 due to adverse weather conditions and stocks have plunged due to fag-end of the season. New crop is likely to pour in by January.                     

                        Trading Ideas

1. Turmeric trading range for the day is 7156-7380.
2. Turmeric prices dropped on profit booking on limited demand at the spot market.
3. Though, some losses were capped on expectation of heavy rains in the Turmeric growing areas of Tamil Nadu, Andhra and Telengana.
4. Turmeric prices are seen rising in coming days due to declining stocks at NCDEX accredited warehouses.
5. In Nizamabad, a major spot market in AP, the price ended at 7590 rupees dropped -40 rupees.