EPIC RESEARCH NCDEX UPDATE OF TURMERIC 15 FEBRUARY 2017

Turmeric trading range for the day is 6762-6898. Turmeric gained on short covering after prices dropped on rising arrivals as the harvesting is going on in key producing states. Moreover, turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared to last year. Production of turmeric in Telangana is seen rising 35% on year to 251,000 tn 2016-17 (Jul Jun) due to favourable rains.  In Nizamabad, a major spot market in AP, the price ended at 7305.25 Rupees dropped -36.85 Rupees. 

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