Tuesday, February 23, 2016

EPIC RESEARCH NCDEX TURMERIC UPDATE OF 23 FEBRUARY 2016

Turmeric trading range for the day is 8590-9046.
Turmeric prices ended with gains due to estimation of lower output at the producing belts.
Though arrivals are comfortable at present output is expected to fall by 13% due to adverse weather and lower acreage.
Turmeric output is expected around 5 million bags and carry forward stocks are estimated around 2.5 million bags.


In Nizamabad, a major spot market in AP, the price ended at 8803.3 rupees gained 15.05 rupees.

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