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Home » News » Brokerage Recos - Commodities

Feb 15, 2017, 11.52 AM | Source: Moneycontrol.com

Expect Turmeric to trade sideways: Angel Commodities

According to Angel Commodities, Turmeric may trade sideways on arrival pressure from new season crop while improved domestic & export demand may keep the prices in a range.

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Expect Turmeric to trade sideways: Angel Commodities

According to Angel Commodities, Turmeric may trade sideways on arrival pressure from new season crop while improved domestic & export demand may keep the prices in a range.

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Angel Commodities report on Turmeric

Turmeric futures closed higher on Tuesday due to bargain buying despite weak spot market. The supplies are improving and there is good demand for the new season crop too. The harvesting is going on in key producing states – Maharashtra, Tamilnadu and Karnataka.

On the export front, country exported about 74,524 tonnes; up by 32% during April-Nov period compared last year exports of 56,471 tonnes, as per government data.

Outlook

Turmeric may trade sideways on arrival pressure from new season crop while improved domestic & export demand may keep the prices in a range.

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Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Expect Turmeric to trade sideways: Angel Commodities

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