EPIC RESEARCH NCDEX TURMERIC UPDATE OF 14 JULY 2016

Turmeric futures (Aug) is expected to remain stable & trade with an upside bias taking support near 7950 levels. Demand in turmeric improved in the last few days and prices are likely to improve as stocks are likely to shrink in the coming months due to lower production amid back-to-back years of drought. Spot turmeric prices increased at Erode markets on Wednesday due to fresh local demand. Turmeric growers brought a limited stock of 3,500 bags and 70 per cent of the stocks were sold. At the Erode Turmeric Merchants Association, the finger turmeric was sold at Rs.7,289-9,069 a quintal and the root variety Rs.7,088-8,391.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co