Turmeric on NCDEX settled down by -0.5% at 7166 as there are reports good supplies from the government auctions. However downside seen limited due to end of season the stocks are diminishing with the physical traders. The export of turmeric is down by 17.4% to 49,186 tonnes for the first 5 month of FY 2017/18 compared to last years’ exports. The arrivals increase for first 15 days in November to 4,577 tonnes compared to 3,457 tonnes in 2nd half of October according to data.
Trading Ideas:
* Turmeric trading range for the day is 7024-7320.
* Turmeric prices ended with losses as there are reports good supplies from the government auctions.
* However downside seen limited due to end of season the stocks are diminishing with the physical traders.
* NCDEX accredited warehouses turmeric stocks dropped by 6 tonnes to 970 tonnes.
* In Nizamabad, a major spot market in AP, the price ended at 7395.3 Rupees gained 37.5 Rupees.
No comments:
Post a Comment