Turmeric on NCDEX settled down -0.24% at 7374 due to higher arrivals amid weak demand. Meanwhile, weak demand from upcountry and industrial buyers has also kept turmeric prices under pressure. Prices of turmeric were down as turmeric yield and output is expected to improve in 2017-18 on good monsoon in the Southern India. Turmeric output may rise at 1-1.1 million tons in 2017-18 season compared to last year. In 2016-17, turmeric output is pegged at 1.13 million tons by government in the third advance estimate, higher from 943,000 tons in 2015-16.

Trading Ideas:

* Turmeric trading range for the day is 7312-7452.

* Turmeric prices ended with losses due to higher arrivals amid weak demand.

* Meanwhile, weak demand from upcountry and industrial buyers has also kept turmeric prices under pressure.

* NCDEX accredited warehouses turmeric stocks dropped by 527 tonnes to 4084 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 7571.9 Rupees dropped -28.1 Rupees.

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