Friday, 2 May 2014

Capital stroke NCDEX Update : TURMERIC  2 MAY 2014


Turmeric trading range for the day is 6788-7096.
Turmeric ended with losses driven by weak demand in the spot market as demand from North India remaining limited due to ongoing Elections.
Huge carryover stocks as well as higher arrivals of the new crop also pressurized prices.
Turmeric in AP for the 2013-14 season is reported at 0.53 lakh ha, as against 0.68 lakh ha last year and a normal sowing of 0.68 lakh .
In Nizamabad, a major spot market in AP, the price ended at 6502.15 rupees remains unchanged at0 rupees.
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