Thursday, May 02, 2019

EPIC RESEARCH NCDEX UPDATE OF TURMERIC 2 MAY 2019


  • Turmeric trading range for the day is 6336-6608.
  • Turmeric dropped due to near normal monsoon forecast and higher carryover stocks.
  • Farmers in Telangana and Andhra Pradesh are holding stocks hoping improvement in prices after the ongoing Lok Sabha elections.
  • Worries over El Nino conditions have eased and there are indications of another year of robust monsoon rain.
  • In Nizamabad, a major spot market in AP, the price ended at 6400 Rupees dropped -40 Rupees.

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