Tuesday, 9 April 2019

EPIC RESEARCH NCDEX Turmeric UPDATE OF 9 April 2019



Turmeric trading range for the day is 6276-7040.

* Turmeric prices rallied supported by steady increase in physical demand and anticipation of government procurement.

* There were also concerns that drought conditions and cold weather will affect the crop production.

* In 2018/19, production is forecast at 11.5 lt in the 1st advance estimates by the government.

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