Turmeric yesterday we have seen that market has moved -3.99% on sluggish demand from overseas and prospects of higher crop due to increase in acreage as farmers got better price last year. Activities are sluggish in spot as traders are expecting bumper crop which may pull the prices down. Market has opened at 13080 & made a low of 12562 versus the day high of 13132. The total volume for the day was at 5110 lots and the open interest was at 7530.Support for turmeric is at 12372 below that could see a test of 12182. Resistance is now seen at 12942 above that could see a resistance of 13322.

Trading Ideas:

Turmeric trading range is 12193-13333.

Turmeric ended lower on sluggish demand from overseas

Turmeric looks to have resistance at 12620 and support is at 12460.

Activities are sluggish in spot as traders are expecting bumper crop

In Nizamabad, a major spot market in Andhra Pradesh, the price ended at 0 rupees dropped by 0 rupees.