EPIC RESEARCH NCDEX TURMERIC UPDATE OF 05 MAY 2017

Turmeric trading range for the day is 5410-5766. Turmeric dropped continuing its losses on lower demand in the physical market on reports of higher stocks available with the farmers. Many traders and farmers expected good sales of turmeric during the peak period, which started a month ago. NCDEX accredited warehouses turmeric stocks gained by 99 tonnes to 4480 tonnes. In Nizamabad, a major spot market in AP, the price ended at 5650 Rupees dropped -120 Rupees.

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