Capital stroke NCDEX Update : TURMERIC 28 MAY 2014

Turmeric trading range for the day is 5929-6273.Turmeric prices dropped as mounting stocks, and weak demand from local and overseas buyers weighed on sentiment.Low demand for poor quality stocks, lack of North India and Export demand, and better Monsoon progress reports kept trend weak.Spot turmeric prices and sales declined in Erode markets on the back of poor quality arrivals and sluggish buying.In Nizamabad, a major spot market in AP, the price ended at 5827.25 rupees dropped -111.4 rupees.

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