Turmeric on NCDEX settled up by 2.03% at 7240  due to rising demand at the spot market. Further, forecast of heavy rains in Telengana and Maharashtra which damages standing turmeric crop too fuelled the uptrend. Turmeric stocks are low this year because of weak output and arrivals have been falling in all the major producing centres.

                                 According to the recent report from Andhra Pradesh Agriculture Department, area under turmeric in the state stood higher at 13,992 hectares  against 13,031 hectares same period a year ago. In Telangana the area under turmeric was up at 45,633 hectares as compared to 40,630 hectares a year ago period.

                   Turmeric production for the current crop year (2015-16) is estimated to be around 315,000 tons compared to the previous year production of 324,000 tons.Technically now Turmeric is getting support at 7132 and below same could see a test of 7024 level, And resistance is now likely to be seen at 7306, a move above could see prices testing 7372. Get live News Updates visit us at Ripples Advisory or One Missed Call on @98-27-80-80-90.