EPIC RESEARCH NCDEX TURMERIC UPDATE OF 16 OCTOBER 2017

Turmeric trading range for the day is 7348-7560.Turmeric prices dropped tracking weakness in spot demand and on weak export demand.Turmeric exports were down by 16.4% to 41,517 tons for the first four-month of FY 2017-18 compared to last years' exports.NCDEX accredited warehouses turmeric stocks gained by 142 tonnes to 3052 tonnes.In Nizamabad, a major spot market in AP, the price ended at 7487.5 Rupees remains unchanged at0 Rupees.

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