Turmeric ended almost steady as sluggish exports, rising arrivals and dull domestic enquiries weighed on sentiment. Turmeric export dropped 22.61 percent to 3,250 tonnes against 4,200 tonnes in the same period last year. Turmeric arrivals usually start in mid-January in small quantities, gain momentum from March and continues through June. Turmeric yesterday we have seen that market has moved -0.08%. Market has opened at 7590 & made a low of 7550 versus the day high of 7620. The total volume for the day was at 6060 lots and the open interest was at 27360.Support for turmeric is at 7551 below that could see a test of 7515. Resistance is now seen at 7621 above that could see a resistance of 7655.

Trading Ideas:

Turmeric trading range is 7515-7655.

Turmeric ended almost steady as sluggish exports and rising arrivals

Resistance for turmeric is at 7620 and support is at 7530 level.

Yesterday we have seen that open interest at 28060 and volume at 9690 lots.

SELL TUMERIC APR @ 7650 SL 7720 TGT 7615-7565-7520.NCDEX

Spot turmeric prices in Nizamabad remained at 8,835 rupees per 100 kg