Turmeric continues on firm demand

Turmeric futures escalated on pick up in demand however increased arrivals in the spot market capped the upside gains.
Spot prices in Erode and Nizamabad traded near RS 12700 and Rs 12000 per quintal respectively. And arrivals in Nizamabad and erode were reported near 8000 bags and 20000 bags respectively.
Production is expected on the higher side due to increased acreage of cultivation due to good monsoon. Production in 2011 is expected around 65-70 lakh bags compared with 45 lakh bags in the last year.
Export demand is expected to improve in near future which also supported the prices. As per trade sources overseas demand from dubai is also expected in near future.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Turmeric-continues-on-firm-demand-11957.html)