Turmeric Prices Gained On Short Covering Due To Expectations

Turmeric trading range for the day is 6402-6598.

Turmeric prices gained on short covering due to expectations of rise in demand and concerns over crop yield.

However, upside seen limited on expectations of increase in arrivals at the spot markets in the coming days with better moisture content.

In Telangana, turmeric sowing was reported at 47,791 hectares as compared to 44,956 hectares in the corresponding period last year.

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