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Home » News » Brokerage Recos - Commodities

Jan 11, 2017, 01.21 PM | Source: Moneycontrol.com

Turmeric prices may trade down: Angel Commodities

According to Angel Commodities, Turmeric may trade down on anticipation of steady physical demand as new season turmeric is hitting the physical market but the supply is mostly of medium quality.

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Turmeric prices may trade down: Angel Commodities

According to Angel Commodities, Turmeric may trade down on anticipation of steady physical demand as new season turmeric is hitting the physical market but the supply is mostly of medium quality.

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, Angel Commodities |

Angel Commodities report on Turmeric

Turmeric futures traded lower on Tuesday as new season turmeric crop has now entered into the markets in South India. The new crop is of medium quality which is fetching lower prices. On the export front, country exported about 51,147 tonnes of turmeric during April-September period, up by 27% to 58,233 tonnes compared last year, as per government data.

Expectations of increasing production in coming harvesting season and lowering export demand in recent months are putting pressure on turmeric prices.

Outlook
Turmeric may trade down on anticipation of steady physical demand as new season turmeric is hitting the physical market but the supply is mostly of medium quality.

For all commodities report, click here

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.

To read the full report click here

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Turmeric prices may trade down: Angel Commodities

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