EPIC RESEARCH NCDEX TURMERIC UPDATE OF 12 JANUARY 2018
Turmeric trading range for the day is 7448-7680. Turmeric gained as reports of thin supplies in local markets and decline of yield due to poor rainfall in major producing states. New crop would commence by the end of this month and expectations of selling by the AP Markfed. Around 5,000 bags arrived for sale and the buyers purchased all the 600 bags of good quality turmeric and purchased 2,500 and odd bags of medium quality.In Nizamabad, a major spot market in AP, the price ended at 7650 Rupees gained 33.35 Rupees.