EPIC RESEARCH NCDEX UPDATE OF TURMERIC 22 AUGUST 2017

• Turmeric trading range for the day is 7248-7504.
  
• Turmeric dropped on profit booking after prices gained due to anticipations of fall in sowing because of weak rains in the producing centres.
• As per market estimates, overall output in the next season is expected to be lower than last year due to unsupportive weather conditions.
• NCDEX accredited warehouses turmeric stocks dropped by 118 tonnes to 5511 tonnes.
• In Nizamabad, a major spot market in AP, the price ended at 7555.55 Rupees dropped -10.1 Rupees.

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