ႊTumeric root (Curcuma longa)ဆႏြင္းတက္

ႈIndia tumeric moves up on demand,thin supply

Fri Apr 23, 2010 7:56pm IST
MUMBAI, April 23 (Reuters) - India's turmeric futures rose more than 3 percent on Friday supported by overseas and local demand and a supply squeeze as farmers held back their produce for better prices, analysts and traders said.
"Overseas demand is coming from Gulf and European countries. Farmers are not bringing their produce in the market to sell at current prices as they have seen very good prices last year," said Subhas Chander Gupta, trader from Erode.
In Nizamabad, a major spot market in Andhra Pradesh, the price gained 165 rupees to end at 12,421 rupees.
Turmeric arrivals usually start in mid-January in small quantities and gain momentum from March. The peak season runs till June.

Turmeric exports in February 2010 stood at 2,500 tonnes, down 19 percent from a year ago, according to data from the Spices Board.
Following are the closing prices of turmeric futures on the National Commodity Derivatives Exchange in rupees per 100 kg. <0#NTM:>