Tuesday, March 12, 2019

EPIC RESEARCH NCDEX UPDATE OF TURMERIC 12 MARCH 2019


  • Turmeric trading range for the day is 6294-6478.
  • Turmeric gained on short covering after prices dropped due to improving supplies in all the producing centres and projection of higher 2018-19 output.
  • Support also seen on the back of concerns that drought conditions and cold weather will affect the crop production.
  • Turmeric production is expected to be higher this season due to higher acreage in Telangana.
  • In Nizamabad, a major spot market in AP, the price ended at 6325 Rupees gained 53.55 Rupees.

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