India turmeric futures edge up; outlook bearish

MUMBAI, Nov 21 (Reuters) - Indian turmeric April contract
recovered from early losses and edged up on Friday on better
demand but the outlook is bearish on expectations new crop will
arrive by early December, almost a month in advance.

Low inventories supported the prices, analysts said.

Turmeric carry-over stocks for 2009 are seen at 500,000
bags, 58 percent lower from last year's 1.2 million bags, due
to lower output in 2007/08, traders said last month.

"The weather conditions are good, which will help the
crops. The prices should decline in coming weeks," Vibhu
Ratandhara, an analyst in Bonanza Commodity Brokers Ltd, said.

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

Contract Reuters code Closing price Change in %

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

Dec NTMZ8 3,853 0.08

Apr NTMJ9 3,849 0.79
(Reporting by Abhishek Shanker; Editing by Sunil Nair)