India turmeric eases on better yield hopes

MUMBAI, Nov 25 (Reuters) - India's turmeric futures edged
down in a volatile trade on Wednesday as hopes recent rains in
growing areas would improve yields outweighed depleting
stockpile, analysts said.

Major turmeric producing states like Andhra Pradesh,
Maharashtra, Karnataka and Tamil Nadu received rains earlier
this month.

"There is a correction in the bull rally. Trend is still
bullish, supply situation is tight," said an analyst with Kotak
Commodity Services Ltd.

Carry-forward stocks were low as output had fallen sharply
last year due to low acreage and bad weather.

In Nizamabad, a major spot market in Andhra Pradesh, the
price rose by 113 rupees to 10,340 rupees per 100 kg.

Following are the closing prices of turmeric futures on
NCDEX in rupees per 100 kg on the . <0#NTM:>

Contract Reuters code Closing price Change in %

=========================================================

Dec NTMZ9 9,504 -0.73

Apr NTMJ0 6,855 3.02

(Reporting by Rajendra Jadhav; Editing by Prem Udayabhanu)

((rajendra.jadhav@thomsonreuters.com; tel: 91 22 6636 9153
; Reuters Messaging: rajendra.jadhav.reuters.com@reuters.net))

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