- Currently, turmeric prices are trading near to 6700.00 level while in Nizamabad is trading at Rs.6800 per quintal. We expect that prices may not fall much further from current levels due to lesser arrivals in all major markets. The increase in area and production estimate in the current year as compared to last year may upset the spot market prices.
- While prices for in November and December are likely to trade in price range between Rs.6700 – 7150 during this period. Technically market prices look to get support at 6950.00 and below same the next support is seen at 7300.00 while resistance for prices is at 6380.00 above this next resistance is at 6150.00.
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