EPIC RESEARCH NCDEX TURMERIC UPDATE OF 10 JANUARY 2017

Turmeric trading range for the day is 6698-6814. Turmeric prices dropped amid commencement of new crop supplies in the markets of Erode, Nizamabad and Duggirala. Turmeric crop is in good condition and production is expected to be higher next season. According to trade sources turmeric output is expected to be around 600,000 ton. In Nizamabad, a major spot market in AP, the price ended at 7384.2 rupees dropped -11.65 rupees.

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