Turmeric tumbles on subdued demand

Turmeric futures turned lower on arrivals sentiments in the physical market. Spot prices in Nizamabad traded near Rs 11000 per quintal.
And arrivals in Nizamabad reported near 12000 bags. Production is expected on the higher side due to increased acreage of cultivation due to good monsoon.
Production in 2011 is expected around 65-70 lakh bags compared with 45 lakh bags in the last year.
Export demand is expected to improve in near future which also limited the down fall. As per trade sources overseas demand from dubai is also expected in near future.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Turmeric-tumbles-on-subdued-demand-12114.html)