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Turmeric on NCDEX settled up by 0.18% at 6620 on anticipation of rising physical as well as export demand at the spot market.  According to trade sources turmeric output is expected to be around 600,000 ton. Retailers are buying as per their requirement while bulk buyers are waiting for further fall in prices. 

Turmeric crop is in good condition and production is expected to be higher next season. Turmeric output is seen higher at 7 million bags thanks to higher sowing and favourable weather conditions. Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year. India exported about 51,147 ton in 2016-17 until August which is up by 32% compared to last year in the corresponding period of 38,761 ton, as per the data released by commerce ministry. 

                         Trading Ideas 

1. Turmeric trading range for the day is 6578-6666. 

2. Turmeric prices gained on anticipation of rising physical as well as export demand at the spot market.   

3. According to trade sources turmeric output is expected to be around 600,000 ton. 

4. Retailers are buying as per their requirement while bulk buyers are waiting for further fall in prices. 

5. In Nizamabad, a major spot market in AP, the price ended at 7292.85 rupees dropped -19.65 rupees.