Tuesday 23 August 2016

EPIC RESEARCH NCDEX TURMERIC UPDATE OF 23 AUG 2016

Turmeric trading range for the day is 7186-7882. Turmeric prices dropped on weak spot demand and good health of new season crop in South Indian states. Turmeric acreage in Telangana as on 17 Aug was up 15.4 % at 45,000 hectares as compared to 39,000 hectares last year. NCDEX accredited warehouses turmeric stocks gained by 968 tonnes to 7481 tonnes. In Nizamabad, a major spot market in AP, the price ended at 8133.3 rupees gained 15.25 rupees.

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