Thursday, May 16, 2013

EPIC AGRI COMMODITY UPDATE: TURMERIC


Turmeric trading range for the day is 5679-5931.
Turmeric fell on mounting stocks and subdued demand from local traders and exporters.
Overseas demand is very poor and unlikely to recover in the coming days as exporters are awaiting a further fall
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 5942 rupees dropped by -35.2 rupees.

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