MUMBAI, Jan 29 (Reuters) - India's turmeric futures snapped a six-day gaining streak on Friday on rising arrivals, higher output hopes and weak exports offsetting low-level buying, analysts said.
"The export data for December is bearish for turmeric. There is some fresh selling in the market," said Chowda Reddy, analyst with JRG Wealth Management.
Turmeric exports in December remained flat at 3,250 tonnes from 3,350 tonnes a year ago.
In Nizamabad, a major spot market in Andhra Pradesh, the price jumped 104 rupees to 10,748 rupees.
Arrivals usually start in mid-January in small quantities. It gains momentum from March and continues through June.
The most traded April contract has fallen over 7 percent since hitting the contract high of 7,834 on Jan. 4.
Following are the closing prices of turmeric futures on the National Commodity Derivatives Exchange in rupees per 100 kg.
Source : REUTERS