EPIC RESEARCH NCDEX TURMERIC UPDATE OF 18 April 2017

Turmeric trading range for the day is 6032-6292. Turmeric prices dropped continuing its weak trend due to new crop supplies amid weak buying. However, there are concerns over crop in TN amid drought like situation which could support prices in medium term. NCDEX accredited warehouses turmeric stocks gained by 288 tonnes to 3109 tonnes. In Nizamabad, a major spot market in AP, the price ended at 5935 Rupees dropped -40 Rupees.

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