Futures contracts of turmeric were up over 3% on the NCDEX as traders anticipated a fall in acreage in Tamil Nadu due to poor rains. Higher demand from overseas markets drove the prices up. Tamil Nadu is one of the major producers of the spice. Tamil Nadu received 0.2 mm of rainfall on Sunday, 90% below normal, which is categorised as "deficient", according to the India Meteorological Department.
Source : Newswire
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