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Turmeric....06.03.2014
Turmeric futures ended weak as the spot market in 
Nizamabad remained closed because continuous rains 
disrupted trading activities. The market will resume 
operations on Monday. The price is likely to be under 
pressure due to prospects of rise in arrivals in major 
spot markets in coming days. Meanwhile, traders are 
expecting total turmeric production in the range of 40-45 
lakh bags (1bag=70kg) against 70 lakh bags in the 
previous year. Added, total carryover stocks of turmeric 
at the beginning of the December have been reduced to 
27-28 lakh bags against 42 lakh bags reported same 
period last year. As per market source, turmeric 
production in Andhra Pradesh in 2013-14 is estimated to 
be 424000 tonnes as against 439000 tonnes year ago. 
 
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