Monday, December 03, 2018

EPIC RESEARCH NCDEX UPDATE OF TURMERIC 3 DECEMBER 2018

  • Turmeric trading range for the day is 6398-6842.
  • Turmeric gained on short covering after prices dropped tracking weakness in spot demand amid expectations of bumper output restricted.
  • Acreage of turmeric in Erode may jump nearly 80% on year to 5,300 hectare in 2018-19 (Jul-Jun) because of very good rainfall.
  • NCDEX accredited warehouses turmeric stocks flat and remains unchanged by 0 tonnes to 3190 tonnes.
  • In Nizamabad, a major spot market in AP, the price ended at 7038.65 Rupees gained 38.65 Rupees.

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