Turmeric on NCDEX settled down by -0.19% at 7464 on profit booking after prices gained due to higher export demand and poor arrivals. Anticipation of lower acreage during the current season also supported the price rise. As per the data release by government, the exports during the first quarter of FY 2017/18 is down 10% to 33,323 tonnes, compared to last year exports volume for the same period.

Trading Ideas:

* Turmeric trading range for the day is 7378-7582.

* Turmeric prices ended with losses on profit booking after prices gained due to higher export demand and poor arrivals.

* As per the data release by government, the exports during the first quarter of FY 2017/18 is down 10% to 33,323 tonnes.

* NCDEX accredited warehouses turmeric stocks dropped by 134 tonnes to 4477 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 7642.1 Rupees dropped -2.35 Rupees.

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