Turmeric yesterday we have seen that market has moved 1.77% lead by strong buying support amid lower arrivals in the mandies and anticipation of export and festive demand in near term. Demand from the local stockiest is gradually improving ahead of festivals. Turmeric arrivals in the Nizamabad mandi stood steady at 500 bags. The Erode arrivals stood steady 7,000 bags. . In Nizamabad, a major spot market in AP, the price ended at 14676.2 rupees gained by 81.2 rupees. Market has opened at 14438 & made a low of 14398 versus the day high of 14700. The total volume for the day was at 4675 lots and the open interest was at 11280.Support for turmeric is at 14485 below that could see a test of 14291. Resistance is now seen at 14787 above that could see a resistance of 14895.

Trading Ideas:

Turmeric trading range is 14291-14895.

Turmeric ended higher by strong buying support amid lower arrivals in the mandies

Turmeric is having resistance at 14787 and support at 14485 level.

Turmeric production is expected to be better and is projected at 65-67 bags as compared 48 lakh bags.

In Nizamabad, a major spot market in AP, the price ended at 14676.2 rupees gained by 81.2 rupees.