Turmeric yesterday we have seen that market has moved 0.11% supported by some demand from eastern states amid poor spot supplies though estimates of higher output capped the gains. Some demand from Bihar and Bengal is supporting prices. India's turmeric exports fell 16 percent to 18,350 tonnes in April-July 2010 from the same period a year ago.

In Nizamabad, a major spot market in Andhra Pradesh, the price ended at 14176.2 rupees dropped by -129.35 rupees. Market has opened at 12940 & made a low of 12908 versus the day high of 13096. The total volume for the day was at 4265 lots and the open interest was at 7745.Support for turmeric is at 12876 below that could see a test of 12798. Resistance is now seen at 13064 above that could see a resistance of 13174.

Trading Ideas:

Turmeric trading range is 12799-13175.

Turmeric ended firm supported by some demand from eastern states

Turmeric looks to have resistance at 13065 and support is at 12875.

Spread between Turmeric SEP & OCT contracts yesterday traded in the range of -806 to -776.

In Nizamabad, a major spot market in Andhra Pradesh, the price ended at 14176.2 rupees dropped by -129.35 rupees.