Turmeric on NCDEX settled up 0.65% at 6838 on receipt of fresh upcountry demand for the turmeric at the spot market. Though, some gains were capped on heavy arrivals from the producing regions. The turmeric arrivals in the country increase to 28,337 tons last week (20-25 February) compared to 7,300 tons during previous week. At Nizamabad market, sources reported arrivals at 13000 quintals, lower by 2000 quintals from previous trading day. At Warangal market, arrivals were reported at 200 bags, steady as against previous day’s arrival. Some traders have received fresh upcountry demand for the turmeric. At the Erode Turmeric Merchants Association Sales yard the finger turmeric sold at Rs. 5,366-9,211 a quintal, root variety sold at Rs. 5,211-7,879.

Trading Ideas: 

*Turmeric trading range for the day is 6724-6984. 

*Turmeric prices gained on receipt of fresh upcountry demand for the turmeric at the spot market. 

*The turmeric arrivals in the country increase to 28,337 tons last week (20-25 February) compared to 7,300 tons during previous week.

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