Monday, 7 September 2015

Today Turmeric Update By MarketMagnify

Turmeric settled flat on late profit booking after prices gained due to falling stocks, lower arrivals amidst festive season demand and export queries. Turmeric sowing area reported high in Maharashtra and Tamil Nadu state during the current sowing period. However, deficient monsoon in August may affect turmeric production in rainfed areas. As on 26 Aug 2015, turmeric sowing In AP, is recorded at 11,724 hectares increase over last years’ acreage but below normal area of 12,275 hectares while in Telangana, 78 per cent sowing is completed at 38,990 hectares, still below the normal area 42,983 hectares as on 19th Aug.
Turmeric trading range for the day is 8636-9152.
Turmeric settled flat on late profit booking after prices gained due to falling stocks, lower arrivals amidst festive season demand and export queries.
Turmeric sowing area reported high in Maharashtra and Tamil Nadu state during the current sowing period.
NCDEX accredited warehouses turmeric stocks gained by 10 tonnes to 12987 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 8496 rupees gained 46 rupees.

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