EPIC RESEARCH NCDEX TURMEIRC UPDATE OF 17 MAY 2017

Turmeric trading range for the day is 5526-5810. Turmeic prices dropped tracking weakness in spot demand as demand was lower from industrial buyers. Andhra Pradesh government projected 2016-17 turmeric crop at 155,000 ton up from 121,000 ton in the previous year. NCDEX accredited warehouses turmeric stocks gained by 239 tonnes to 5625 tonnes. In Nizamabad, a major spot market in AP, the price ended at 5566.65 Rupees gained 6.65 Rupees.

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