Wednesday, 4 January 2017

EPIC RESEARCH NCDEX TURMERIC UPDATE OF 4 JANUARY 2017

Turmeric trading range for the day is 6688-6840. Turmeric prices gained due to rising demand at the spot market, despite of arrivals of inferior quality turmeric from the producing belts. Turmeric output is seen higher at 7 million bags thanks to higher sowing and favorable weather conditions. Prevailing high prices encouraged farmers to plant more turmeric this year. In Nizamabad, a major spot market in AP, the price ended at 7559.4 rupees gained 26.05 rupees.

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