Friday 29 September 2017

EPIC RESEARCH NCDEX TURMERIC UPDATE OF 29 SEPTEMBER 2017

Turmeric trading range for the day is 7142-7350. Turmeric ended with gains on short covering after prices dropped tracking weakness in spot demand on higher supply. Supplies are expected to increase further as market anticipates AP Markfed to auction turmeric bought under MIS in coming days. NCDEX accredited warehouses turmeric stocks dropped by 333 tonnes to 4168 tonnes. In Nizamabad, a major spot market in AP, the price ended at 7355.9 Rupees remains unchanged at0 Rupees.

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