Spot markets at Nizamabad and Erode remained closed due to weekly off on Saturday.
Arrivals at the domestic mandis improved to 10000 bags and 600 bags at the Erode and Nizamabad mandis respectively. Offtakes were also better.
Prices in the futures traded in bullish manner since the beginning of session and touched a high of Rs.10,803/qtl and settled positively on Saturday.
Demand from the overseas is expected in the coming days. Demand from the north India is present in good quantity. Domestic consumption of turmeric stands at around 3.5 lakh bags (each bag weighs 70kgs)
Turmeric stocks with the stockists and farmers are around 9-10 lakh bags until the fresh crop arrivals in January 2010.
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