Turmeric settled up 1.74% at 6682 in the line of expectation as concern on fall in acreage during the new season because of poor weather conditions as well as poor irrigation arrangements. Turmeric farmers association also expressed concern regarding the next year crop due to the weak rainfall. Meanwhile, Sangli district received 64.9 mm of rainfall during the month of June, 70 percent of normal so far, according to the data from the Maharashtra agriculture department. Added, sowing of yellow spice is completed almost 30-40 percent and likely to accelerate in coming days. However, according to data from the IMD, Madhya Maharashtra received 44 mm of rains during Jun 1-29, 68 percent below normal. Arrivals in Nizamabad and Erode mandi were reported at 4,000 bags and 4,000 bags on Thursday. Quality turmeric continued to command good price, while average quality ones met with lukewarm response in Erode markets. Local traders are buying Salem hybrid, Erode hybrid and Erode sanna (thin) variety turmeric. For the quality turmeric they have quoted higher price. Of the 3,800 bags that arrived, 60 per cent was sold. Stockists have procured 10 per cent. Usually the price of turmeric is high in this season, but this year due to poor upcountry demand, prices have not gained. All 198 bags of Salem hybrid finger and root varieties were sold, but traders quoted lower price; and both varieties were sold Rs. 100 a quintal lower. The market projected that the total production of turmeric in the current year is estimated at 52 lakh bags against 70 lakh bags that were estimated in the last year. Rainfall occurred at many places over Kerala and at a few places over Tamil Nadu, Rayalaseema and Coastal Karnataka. Isolated rainfall occurred over Coastal Andhra Pradesh, Telangana and Interior Karnataka. On Tuesday, rain or thundershowers would occur at many places over Coastal Karnataka and Kerala. Technically market is under fresh buying as market has witnessed gain in open interest by 10.91% to settled at 9350 while prices up 114 rupee, now Turmeric is getting support at 6563 and below same could see a test of 6443 level, And resistance is now likely to be seen at 6775, a move above could see prices testing 6867.

Turmeric trading range for the day is 6437-6861.

Turmeric rallied as concern on fall in acreage during the new season because of poor weather conditions.

Quality turmeric continued to command good price, while average quality ones met with lukewarm response in Erode markets.

Turmeric farmers association also expressed concern regarding the next year crop due to the weak rainfall.

In Nizamabad, a major spot market in AP, the price ended at 5986.35 rupees remains unchanged at0 rupees.

SELL TURMERIC AUG BELOW 6620 SL 6720 TGT 6540-6380. NCDEX