EPIC RESEARCH NCDEX TURMERIC UPDATE OF 29 AUGUST 2017

Turmeric trading range for the day is 7140-7596.Turmeric ended with losses on profit booking after prices gained amid reports of lower output in coming year due to weak monsoon rains.Turmeric sowing and output is likely to lower this year due to weak monsoon rains and anticipation of fall in area.NCDEX accredited warehouses turmeric stocks dropped by 55 tonnes to 5446 tonnes.In Nizamabad, a major spot market in AP, the price ended at 7555.9 Rupees dropped -36.2 Rupees.

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