Turmeric ends higher on short covering

Turmeric futures edged higher on short covering and expectation of increased demand from bulk dealers.
However higher production estimated capped the gains. And arrivals continued to be on the higher side in the physical market and reported near 25000 bags in erode mandi.
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.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Turmeric-ends-higher-on-short-covering-12345.html)