Jul Turmeric Closed Higher On Thursday



NCDEX Jul Turmeric closed higher on Thursday due to short covering by the market participants. However, good rains in turmeric growing areas in south India is weighing on prices. It was trading sideways to lower during last 5 weeks due to steady demand and forecast of normal rains in south peninsula. In the last month, prices have fallen about 6% from its three months high levels due to profit booking by market participants. Supplies from the new season turmeric have been lower during May at 53,500 t (Vs 73,500 t) compared last year, as per Agmarknet data. The export of turmeric was down by 24% at 10,462 tonnes in April 2018 compared to last years’ exports.

For Quick Trial – 8962000225 ✔ 
or mail us here: info@ways2capital.com
✆-0731-6626191  | Toll Free - 1800-3010-2007
 Give a Missed Call for Free Trial - 09699997717
NewerStories OlderStories Home

0 comments: