EPIC RESEARCH NCDEX UPDATE OF TURMERIC 24 JANUARY 2017

• Turmeric trading range for the day is 7250-7526.
  
• Turmeric prices gained as support seen due to tight stock positions against restricted supplies from producing regions.
• However, expectation of improvement in up country demands for new season crop also supporting prices.
• In Nizamabad, new crop arrivals were reported around 5,000 bags along with around 1,500 bags of old crop.
• In Nizamabad, a major spot market in AP, the price ended at 7560 Rupees dropped -20 Rupees.

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