Turmeric yesterday we have seen that market has moved -1.56% on higher sowing and favourable weather in key cultivating regions, which raised hopes of higher output. Spot demand is subdued. Exports are not supportive. In Nizamabad, a major spot market in Andhra Pradesh, turmeric spot prices settled at 14643 rupees per 100 kg.

Market has opened at 13340 & made a low of 13120 versus the day high of 13350. The total volume for the day was at 3095 lots and the open interest was at 4170.Support for turmeric is at 13063 below that could see a test of
12977. Resistance is now seen at 13293 above that could see a resistance of 13437.

Trading Ideas:

Turmeric trading range is 12977-13437.

Turmeric ended lower on higher sowing and favourable weather

Turmeric looks to have resistance at 13290 and support is at 13060.

NCDEX accredited warehouses turmeric stocks remained at 4029 tonnes.

In Nizamabad turmeric spot prices settled at 14643 rupees per 100 kg