Turmeric on NCDEX settled up by 0.72% at 7010 amid fears of lower sowing after prices remained under pressure due to fall in export mainly poor demand from Iran. Fresh spell of rains in producing centres is likely to have positive impact on yield and output. The export demand to Iran, the largest buyers have come to a standstill since May with the expiry of the US sanctions waiver to India for six months. In Tamil Nadu, Turmeric growing regions lower rainfall reported, till now only 45-50% sowing completed. Turmeric sowing likely to continue till August but depend on water availability. Farmers were very worried for current situations, major dams were reported empty. Rainfall during 01-06-2019 to 31-07-2019, in Tamil Nadu region lower by 29%. Turmeric exports in June, down 16.22% y/y to 11,883 tn (Vs 14,183 tn), as per govt data. However, turmeric exports in first half of 2019, up by 5.1% to 66,300 tn compared to 63,000 tn.
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