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Epic Agri Commodity Update:turmeric

Discussion in 'Technical Analysis' started by Epicresearch, Mar 11, 2013.

  1. Epicresearch

    Epicresearch Active Member

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    Turmeric trading range for the day is 6462-6882.Turmeric dropped on profit booking after prices gained as lower production prospects and improved demand kept supportingWith lower production expected this year, sentiments are likely to remain positive once demand for the new crop starts picking up.Low rainfall especially in AP, Karnataka and Tamil Nadu is likely to keep turmeric production lower by 30-40% this year. In Nizamabad, a major spot market...
     
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