Turmeric on NCDEX settled up 0.52% at 7324 on rising demand from institutional buyers at the spot market. Though, some gains were capped as turmeric yield and output is expected to improve in 2017-18 on good monsoon in the Southern India. Turmeric output may rise at 1-1.1 million tons in 2017-18 season compared to last year.

Trading Ideas:

* Turmeric trading range for the day is 7234-7394.

* Turmeric prices gained on rising demand from institutional buyers at the spot market.

* Though, some gains were capped as turmeric yield and output is expected to improve in 2017-18 on good monsoon in the Southern India.

* NCDEX accredited warehouses turmeric stocks gained by 201 tonnes to 2733 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 7414.05 Rupees dropped -31.4 Rupees.

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