EPIC RESEARCH NCDEX UPDATE OF TURMERIC 7 FEBRUARY 2017

Turmeric trading range for the day is 6676-6836. Turmeric prices dropped on higher turmeric output from the producing belts following higher sowing and favorable weather conditions. Though, some losses were capped due to pickup in spot demand from the stockists and up-country buyers at the spot market. Turmeric crop reported well in Maharashtra state expected better production compared to last year. In Nizamabad, a major spot market in AP, the price ended at 7370.6 Rupees dropped -79.4 Rupees. 

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