Thursday 7 September 2017

EPIC RESEARCH NCDEX TURMERIC UPDATE OF 07 SEPTEMBER 2017

Turmeric trading range for the day is 7506-7918.Turmeric dropped on profit booking after prices seen supported as sowing and output is likely to be lower due to weak monsoon rains and anticipation of fall in area.The production estimate of turmeric for 2016/17 is pegged at 11.32 lakh tonnes by government in 3rd advance estimates.NCDEX accredited warehouses turmeric stocks dropped by 563 tonnes to 4511 tonnes.In Nizamabad, a major spot market in AP, the price ended at 7636.75 Rupees dropped -50 Rupees.

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