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Epic Agri Commodity Update:turmeric

Discussion in 'Technical Analysis' started by Epicresearch, Apr 1, 2013.

  1. Epicresearch

    Epicresearch Active Member

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    Turmeric trading range for the day is 6373-6625.Turmeric fell due to higher carry-forward stocks, rising supplies from the new season crop and slack overseas demand.Daily supplies are expected to touch 15,000 bags of 70 kg each by the second week of April against 10,000 bags as of now.Estimates of lower output because of a reduced area of plantation in leading cultivating states are likely to support prices.In Nizamabad, a major spot market.
     
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