Tuesday, 3 January 2017

EPIC RESEARCH NCDEX TURMERIC UPDATE OF 3 JANUARY 2017

Turmeric trading range for the day is 6726-6814. Turmeric on NCDEX settled flat on account of expectations of increasing production in coming harvesting season from the producing belts. Turmeric output is seen higher at 7 million bags thanks to higher sowing and favorable weather conditions. Good number of turmeric bags arrived for sale in all the four markets at Erode, but the sales was very low. In Nizamabad, a major spot market in AP, the price ended at 7533.35 rupees dropped -46.65 rupees.

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