Turmeric ended positive on some enquiries from the overseas market and a decline in arrivals. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped 109 rupees to 11,544 rupees per 100 kg. Turmeric exports fell 19 percent to 2,500 tonnes in February in the year-ago period. Turmeric yesterday we have seen that market has moved 1.12%. Market has opened at 11150 & made a low of 11130 versus the day high of 11465. The total volume for the day was at 3820 lots and the open interest was at 5290.Support for turmeric is at 11185 below that could see a test of 10990. Resistance is now seen at 11520 above that could see a resistance of 11660.

Trading Ideas:

Turmeric trading range is 10990-11660.

Turmeric ended positive on some enquiries from the overseas market

Turmeric exports fell 19 percent to 2,500 tonnes in February

Yesterday we have seen that open interest fell by 70 and volume by 3620.

In Nizamabad turmeric spot prices fell by 109 rupees to 11544 rupees per 100 kg

TURMERIC WAIT FOR FRESH POSITION RANGE IS 11250-450.