Thursday, April 11, 2013

EPIC AGRI COMMODITY UPDATE:TURMERIC

Turmeric trading range for the day is 6837-7217.
Turmeric fell on mounting stocks and weak exports, though an estimated decline in output limited the downside.
Supplies from the new crop are regular but they are below expectations as farmers are waiting for better prices.
Turmeric output is estimated to be lower this year because of reduced plantation area in leading cultivating states.
In Nizamabad, a major spot market in AP, the price ended at 6552.1 rupees gained by 156.9 rupees.

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