Thursday, February 9, 2017

Turmeric trading range for the day is 6846-6974. Turmeric gained on anticipation of good demand for the new season crop as arrivals have been slow due to lower prices. However upside seen limited due to the arrivals of medium and poor quality turmeric from the producing belts. Production of turmeric in Telangana is seen rising 35% on year to 251,000 tn 2016-17 (Jul-Jun) due to favourable rains, according to estimate. In Nizamabad, a major spot market in AP, the price ended at 7379.4 Rupees gained 26.6 Rupees. 
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