NCDEX Turmeric closed little higher on Monday on fresh buying amid expectation of good demand during the off season. There was lower demand all season from industrial buyers. Turmeric arrivals in the country are lower in first 14 days of May at 28,212 tonnes compared to 69,452 tonnes during April (1-14). The lower arrivals are due to poor realization by the farmers. On the export front, country exported about 97,596 tonnes during April-Feb period, up by 26.6% compared to last year exports of 77,087 tonnes, as per government data. There are expectations of improved demand in coming weeks as prices are lower.

Outlook

Turmeric to trade higher on expectation of some good physical demand as prices has touched lowest for the contract. There is sufficient stocks and lower demand from the industry.

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