NCDEX Turmeric Market Update News
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Turmeric on NCDEX settled up 0.77% at 7346 on rising domestic as well as exports demand at the spot market. Though, some gains were capped on heavy arrivals as the turmeric crop in Maharashtra and Andhra Pradesh are in good condition.
Currently the supplies are for medium and poor quality during the rest of the season till new crop arrived which may keep the prices sideways to higher. Officials of Horticulture department estimate that turmeric farmers in the Nizamabad may not get expected yields this year due to the heavy rains in the last week of September.
Trading Ideas
Turmeric on NCDEX settled up 0.77% at 7346 on rising domestic as well as exports demand at the spot market. Though, some gains were capped on heavy arrivals as the turmeric crop in Maharashtra and Andhra Pradesh are in good condition.
Currently the supplies are for medium and poor quality during the rest of the season till new crop arrived which may keep the prices sideways to higher. Officials of Horticulture department estimate that turmeric farmers in the Nizamabad may not get expected yields this year due to the heavy rains in the last week of September.
Trading Ideas
- Turmeric trading range for the day is 7188-7508.
- Turmeric prices gained on rising domestic as well as exports demand at the spot market.
- Currently the supplies are for medium and poor quality during the rest of the season till new crop arrived.
- NCDEX accredited warehouses turmeric stocks dropped by 40 tonnes to 2429 tonnes.
- In Nizamabad, a major spot market in AP, the price ended at 7630 rupees gained 7.5 rupees
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