Turmeric on NCDEX settled up by 0.53% at 7190 tracking physical demand and forecast of heavy rains in turmeric area. Expectations of increasing production in coming harvesting season and lowering export demand in recent months are putting pressure on turmeric prices at higher levels.  For More http://www.ripplesadvisory.com/services.php Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year. 

Turmeric crop is pest free this year. The availability of good quality is quite low and crop arriving currently is of medium to low quality. Next year crop is expected to be higher which is keeping stockiest at bay. Domestic demand from North India is firm. Trading activity in major markets is dull due to cash crunch. Farmers are insisting for cash payment but have started accepting cheque payment as well. 

 Technically now Turmeric is getting support at 7144 and below same could see a test of 7096 level, And resistance is now likely to be seen at 7230, a move above could see prices testing 7268.