Turmeric on NCDEX settled up by 1.24% at 7354 tracking firmness in spot demand amid inadequate rainfall in almost all the producing states. Cumulative monsoon rainfall across major key states was with a departure of 14% in Telangana, 11% in Maharashtra and 25% in Karnataka. However, IMD has predicted fairly widespread rainfall in Coastal Andhra Pradesh, Rayalaseema, Tamil Nadu and Karnataka.

Trading Ideas:

* Turmeric trading range for the day is 7156-7472.

* Turmeric prices gains tracking firmness in spot demand amid inadequate rainfall in almost all the producing states.

* After good start to turmeric sowing in Telangana, acreage under turmeric, down 2.3% to 44,299 hectares as compared to last year acreage of 43,315 hectares.

* NCDEX accredited warehouses turmeric stocks gained by 175 tonnes to 5740 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 7606.25 Rupees gained 20.95 Rupees.

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