EPIC RESEARCH NCDEX TURMERIC UPDATE OF 2 DECEMBER 2016

Turmeric trading range for the day is 6878-7022. Turmeric prices gained on receipt of some fresh demand from North India. Further, expectation of heavy rains in the Turmeric growing areas of Tamil Nadu, Andhra Pradesh and Telengana too fuelled the uptrend. Currently the supplies are for medium and poor quality in December till new crop arrives. In Nizamabad, a major spot market in AP, the price ended at 7640 rupees gained 10 rupees.

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