EPIC RESEARCH NCDEX UPDATE OF TURMERIC 29 AUGUST 2018

• Turmeric trading range for the day is 6642-6918.
  
• Turmeric prices gained on short covering after prices dropped on improved sowing in major growing areas and higher supply.
• As per estimates, in normal monsoon condition Turmeric all India area may go up by 12 - 14% as compared to last year due to higher prices.
• NCDEX accredited warehouses turmeric stocks dropped by 99 tonnes to 4727 tonnes.
• In Nizamabad, a major spot market in AP, the price ended at 7026.45 Rupees dropped -3.55 Rupees.

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