Turmeric on NCDEX settled down -0.57% at 6278 due to higher supplies from the producing regions. Though, some losses were capped on rising exports demand at the spot market. Many traders and farmers expected good sales of turmeric during the peak period, which started a month ago. But, this year, for the first time in recent history, both farmers and traders are in agony due to poor production and tepid demand from North India.

Trading Ideas: 

 * Turmeric trading range for the day is 6160-6468. 

* Turmeric prices dropped due to higher supplies from the producing regions. 

* Many traders and farmers expected good sales of turmeric during the peak period, which started a month ago. 

* NCDEX accredited warehouses turmeric stocks gained by 165 tonnes to 2326 tonnes. 

* In Nizamabad, a major spot market in AP, the price ended at 5981.65 Rupees dropped -41.45 Rupees.

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