Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year. At Warangal market sources reported arrivals at 250 bags, unchanged as compared to previous day’s arrival. At Sangli market arrivals were reported at 1500 quintals, up by 1500 quintals from previous day’s arrivals.

Some traders, who have received a few upcountry orders, purchased medium quality turmeric for a decreased price. 65 % of the arrivals were sold. At the Erode Cooperative Marketing Society, the finger variety lost Rs. 1,000 a quintal, while the root variety was down Rs. 700. In Nizamabad, a major spot market in AP, the price ended at 7697.35 rupees gained 16.8 rupees.

Technically market is under fresh buying as market has witnessed gain in open interest by 5.44% to settled at 8525 while prices up 20 rupee, now Turmeric is getting support at 6950 and below same could see a test of 6900 level, And resistance is now likely to be seen at 7030, a move above could see prices testing 7060.