EPIC RESEARCH NCDEX UPDATE OF TURMERIC 17 OCTOBER 2018

• Turmeric trading range for the day is 6406-6710.
  
• Turmeric dropped on profit booking after prices gained as there are expectation of improving demand coupled with diminishing arrivals.
• Acreage of turmeric in Erode may jump nearly 80% on year to 5,300 ha in 2018-19 (Jul-Jun) because of very good rainfall this year.
• NCDEX accredited warehouses turmeric stocks gained by 21 tonnes to 3389 tonnes.
• In Nizamabad, a major spot market in AP, the price ended at 6872.5 Rupees dropped -120 Rupees.

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