Turmeric trading range for the day is 6344-6732

Turmeric on NCDEX settled up 0.93% at 6530 on anticipation of government procurement and expectation of further improvement in upcountry and export demand. Buyers and traders have purchased all the good quality turmeric to fulfil demand and some traders have decided to store few bags of best quality turmeric. In 2018/19, production is forecast at 11.5 lt in the 1st advance estimates by the government.

Trading Ideas:

* Turmeric trading range for the day is 6344-6732.

* Turmeric prices gained on anticipation of government procurement and expectation of further improvement in upcountry and export demand.

* There were also concerns that drought conditions and cold weather will affect the crop production.

* In 2018/19, production is forecast at 11.5 lt in the 1st advance estimates by the government.

* In Nizamabad, a major spot market in AP, the price ended at 6291.2 Rupees dropped -20 Rupees.

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Turmeric trading range for the day is 6326-6486

Turmeric trading range for the day is 6326-6486.

Turmeric prices ended with gains on the back of good exports and improving domestic demand.

Though expectations of increase in arrivals at the spot markets in the coming days with better moisture content limited the upside.

NCDEX accredited warehouses turmeric stocks dropped by 10 tonnes to 60 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 6696.65 Rupees gained 30 Rupees.

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Turmeric trading range for the day is 6366-6582

Turmeric trading range for the day is 6366-6582.

Turmeric traded in range amid lower than expected exports and domestic demand.

Besides, higher arrivals from growing regions and reports on higher acreage also weighed on the

prices.

NCDEX accredited warehouses turmeric stocks dropped by 24 tonnes to 3434 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7178.95 Rupees dropped -16.5 Rupees.

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Turmeric trading range for the day is 6476-6652

Turmeric trading range for the day is 6476-6652.

Turmeric settled up on short covering amid modest demand in the physical market.

Despite medium quality produce, turmeric demand from traders is seen moderate due to festive season. NCDEX accredited warehouses turmeric stocks dropped by 189 tonnes to 3570 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 6859.7 Rupees gained 10 Rupees.

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Turmeric trading range for the day is 6500-6672

Turmeric trading range for the day is 6500-6672.

Turmeric dropped amid higher arrivals and improved sowing in turmeric growing areas of Tamilnadu, Karnataka and Maharashtra.

Turmeric arrivals in Sangli mandi were 1,000-1,200 bags (60 Kg/bag) compared to 1,500 bags.

NCDEX accredited warehouses turmeric stocks dropped by 447 tonnes to 2513 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 6854.75 Rupees dropped -50 Rupees.

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