EPIC RESEARCH NCDEX TURMERIC UPDATE OF 12 MAY 2017

Turmeric trading range for the day is 5564-5732. Turmeric prices gained amid expectations of fresh buying from lower price levels. Market focus may gradually shift towards monsoon in 2017 and sowing acreage under turmeric. NCDEX accredited warehouses turmeric stocks gained by 164 tonnes to 5284 tonnes. In Nizamabad, a major spot market in AP, the price ended at 5497.05 Rupees gained 47.05 Rupees.

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