Turmeric on NCDEX settled down by -3.57% at 6962 tracking weakness in spot demand on profit booking after prices gained on lower output and tight arrivals. As per preliminary estimates, turmeric output in the current season is expected to decline due to lower sowing area and on reports of diseases to plants following heavy rainfall in Sep-Oct in Nizamabad district.

Trading Ideas:

* Turmeric trading range for the day is 6720-7392.

* Turmeric prices ended with losses tracking weakness in spot demand on profit booking after prices gained on lower output and tight arrivals.

* In Tamil Nadu, turmeric growing regions still no rainfall reported only coastal regions received higher rainfall currently.

* NCDEX accredited warehouses turmeric stocks dropped by 661 tonnes to 1114 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 7365.65 Rupees gained 15.65 Rupees.

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