Turmeric Gained On Short Covering After Prices Dropped Due To Good Rains

Turmeric trading range for the day is 6646-6846.

Turmeric gained on short covering after prices dropped due to good rains in South peninsula and higher deliveries at Exchange.

Area under cultivation is expected to rise this year in anticipation of good weather conditions in key growing regions.

Government raised turmeric output for 2018-19 to 13.89 lakh tons in the second advance estimates from 11.49 lakh tons in the first advance
estimates.

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