Turmeric yesterday we have seen that market has moved 4.01% and could continue to climb in the next session on dwindling stocks, Enquiries from local buyers and stockists are supporting turmeric prices. Turmeric exports in December remained flat at 3,250 tonnes from a year ago, the Spices Board said. However, pressure from rising arrivals, weak exports and hopes of higher output are seen weighing. In Nizamabad, a major spot market in Andhra Pradesh, the price gained 47 rupees to 9,871 rupees.

Turmeric arrivals usually start in mid-January in small quantities, gain momentum from March and continues through June. The total volume for the day was at 21350 lots and the open interest was at 27100. Support for tmc is at 7193 below that could see a test of 6947. Resistance is now seen at 7561 above that could see a resistance of 7683.

Turmeric trading range is -2479-12397.

Turmeric jumped more that 4% and on dwindling stocks & enquiries from local buyers and stockists.

Turmeric exports in December remained flat at 3,250 tonnes from a year ago

In Nizamabad, a major spot market in Andhra Pradesh, the price gained 47 rupees to 9,871 rupees.

SELLING IS LIKELY TO HIT TODAY AT 7600 LEVEL

The total volume for the day was at 21350 lots and the open interest was at 27100.