EPIC RESEARCH NCDEX TURMERIC UPDATE OF 11 AUGUST 2017

Turmeric trading range for the day is 7240-7592. Turmeric ended with losses tracking weakness in spot demand amid forecast of good rains in coming weeks in south.After good start to turmeric sowing in Telangana, the acreage of turmeric is down 3.5% to 41,715 hectares. NCDEX accredited warehouses turmeric stocks dropped by 20 tonnes to 5908 tonnes.In Nizamabad, a major spot market in AP, the price ended at 7592.85 Rupees dropped -41.55 Rupees.

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