Turmeric on NCDEX settled up by 0.62% at 5554 tracking firmness in spot demand amid anticipation of fall in acreage due to lower prices. However upside seen limited as sowing operations are likely to start soon as monsoon is likely to reach many of the producing centers in the coming days. Farmers are expected to shift cultivation towards sugarcane and other crops for better price realization. Andhra Pradesh government projected 2016-17 turmeric crops at 155,000 ton up from 121,000 ton in the previous year.

Trading Ideas:

* Turmeric trading range for the day is 5476-5628.

* Turmeric prices gains tracking firmness in spot demand amid anticipation of fall in acreage due to lower prices.

* Andhra Pradesh government projected 2016-17 turmeric crops at 155,000 ton up from 121,000 ton in the previous year.

* NCDEX accredited warehouses turmeric stocks gained by 10 tonnes to 6653 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 5513.65.

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