Turmeric on NCDEX settled up 3.98% at 7520 due to higher export demand and poor arrivals. Prices also rallied recently as lower rainfall in major growing regions like Erode, Nanded and other south Indian parts supported prices. As per trade information, in Erode region 40 - 50% sowing completed and for rest farmers are waiting for rainfall. In Nizamabad around 85 - 90% sowing completed. If rainfall happen farmers likely to sow Turmeric but delay crop reported and it will affect new supply which will come from next year March and April.

Trading Ideas:

* Turmeric trading range for the day is 7042-7758.

* Turmeric prices rallied due to higher export demand and poor arrivals.

* Prices also rallied recently as lower rainfall in major growing regions like Erode, Nanded and other south Indian parts supported prices.

* NCDEX accredited warehouses turmeric stocks gained by 5 tonnes to 6679 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 7326.9 Rupees gained 114.4 Rupees.

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