Though, good demand from North India capped some losses. However, prospects of weak monsoon in July – August may affect turmeric production in rainfed areas while irrigated turmeric may not affect much. However, excess rains during the vegetative and harvesting may adversely affect the production and quality.
As per Telengana Agricultural Department, till now around 36,000 ha area has been sown under turmeric vs 37,000 ha same time last year. Total 50,000 ha area is covered.
Turmeric trading range for the day is 7526-8266.
Turmeric prices ended with losses due to medium quality arrival in the spot market.
However, prospects of weak monsoon in July – August may affect turmeric production in rainfed areas while irrigated turmeric may not affect much.
NCDEX accredited warehouses turmeric stocks gained by 30 tonnes to 13502 tonnes.
In Nizamabad, a major spot market in AP, the price ended at 7559.6 rupees gained 25.6 rupees.
For More Information : Bullion Tips, Bullion Trading Tips, Mcx Trading Tips, Commodity Market Tips, Commodity Tips,
No comments:
Post a Comment