Turmeric on NCDEX settled up by 3.15% at 7532 tracking good physical demand form upcountry buyers and stockists as Telangana, highest producing turmeric state, has received large deficient rains (-60% LPA) last week. In Telangana, turmeric acreage as on 10-Jul-17, up 9.5% to 23,000 hectares as compared to last year acreage of 21,000 hectares. The normal acreage is close to 47,000 hectares. Market arrivals dropped about 60% in June compared to May.

Trading Ideas:

* Turmeric trading range for the day is 7204-7724.

* Turmeric prices ended with gains tracking good physical demand form upcountry buyers and stockists as Telangana, has received large deficient rains.

* Though southwest monsoon hit Kerala coast before normal date but there are reports of below normal rains in several parts of southern India.

* NCDEX accredited warehouses turmeric stocks gained by 59 tonnes to 6644 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 7253.15 Rupees gained 253.15 Rupees.

RipplesAdvisory>>More Commodity Market Tips Click Here>> https://www.justdial.com/Indore/Ripples-Advisory