EPIC RESEARCH NCDEX TURMERIC UPDATE OF 22 APRIL 2016

Turmeric trading range for the day is 8264-8608.
Turmeric settled flat as prices recovered on account of good physical demand and expectation of higher export demand from the country. Initial reports say the production could be lower by 15%-20% this year because of scanty rains in some producing areas.
NCDEX accredited warehouses turmeric stocks gained by 288 tonnes to 2946 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 8707.5 rupees gained 27.95 rupees.
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