Turmeric traded on a negative note last week on weak demand due to arrivals of poor quality crop in the physical markets coupled with huge carryover stocks and expectations of a better sowing this season. However, short covering was seen towards the end of the week at lower levels. The spot as well as the futures settled 1.52% and 0.95% lower respectively,Turmeric futures may trade on a mixed note. Lower level demand and expectations of overseas enquiries may support prices at lower levels. However, weak demand due to poor quality arrivals as well as huge carryover stocks may continue to keep turmeric prices under check.
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