Turmeric futures cascaded on sluggish spot as well as overseas demand. Turmeric prices declined approximately Rs 200 in the spot market and traded around 13800.

Arrivals in erode stood at 4000 bags against previous arrivals of 5000 bags.

Better cultivation in the major growing areas ignited the expectation of increase in output in 2010-11.

As per government official estimates, area under cultivation in Andhra Pradesh and Karnataka has risen 21.5 percent and 19 percent respectively in 2010/11.

Courtesy: Geojit Comtrade Limited

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