EPIC RESEARCH NCDEX TURMERIC UPDATE OF 12 JULY 2016

Turmeric futures (Aug) is expected to remain stable in the range of 7900-8100 levels, with downside getting capped. Demand in turmeric is normal at present, however it will improve in the coming months as stocks going to diminish due to lower production in key growing regions amid back-to-back years of drought. The total supply for 2015-16 at 3.57 lakh tonnes against the consumption demand of 3.46 lakh tonnes, leaving stocks of mere 0.11 lakh tonnes compared to 1.4 lakh tonnes in 2014-15, down by over 90 per cent. The scarcity of stocks at the time of pick-up in domestic and export demand is likely to provide a firm undertone to the market.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co