EPIC RESEARCH NCDEX TURMERIC UPDATE OF 10 MAY 2017

Turmeric trading range for the day is 5442-5834. Turmeric ended with gains on low level buying after prices dropped by around 12 percent last week amid weak local and export buying. Andhra Pradesh government projected 2016-17 turmeric crops at 155,000 ton up from 121,000 ton in the previous year. NCDEX accredited warehouses turmeric stocks gained by 30 tonnes to 4897 tonnes. In Nizamabad, a major spot market in AP, the price ended at 5434.4 Rupees gained 57.75 Rupees.

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