Tuesday 9 May 2017

EPIC RESEARCH NCDEX TURMERIC UPDATE OF 09 MAY 2017

Turmeric trading range for the day is 5382-5602.Turmeric gained on short covering after prices dropped by around 12% last week as higher supplies in the market amid weak demand weighed.Steady pace of new crop supplies amid higher production also weighed on prices.NCDEX accredited warehouses turmeric stocks gained by 227 tonnes to 4867 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5376.65 Rupees dropped -23.35 Rupees.

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