Wednesday, August 19, 2015

EPIC RESEARCH NCDEX HALDI UPDATE OF 19 AUGUST 2015

Turmeric trading range for the day is 7520-7976.

Turmeric dropped by -1.1% due to improved arrival of good quality turmeric while downside will be limited as concern about bad weather

The sowing of turmeric have picked up in June and July as rains in growing areas in Andhra Pradesh and Tamil Nadu keep possibilities of improved sowing.

Total production in the range of 50-52 lakh bags in the current year, down 20 lakh bags versus last year in the same period.

In Nizamabad, a major spot market in AP, the price ended at 7458.3 rupees gained 23.65 rupees.

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