Wednesday, October 23, 2013

EPIC AGRI COMMODITY UPDATE:TURMERIC


Turmeric trading range for the day is 4683-4955.
Turmeric dropped as large stocks, subdued local demand and conducive weather for the sown crop weighed on prices.
Further upside is unlikely because stocks are high in turmeric and demand is lower-than-expected from local buyers and exporters
NCDEX accredited warehouses turmeric stocks dropped by 175 tonnes to 6518 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 4893 rupees dropped -7 rupees.

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