Feb 16, 2017 12:27 PM IST | Source: Moneycontrol.com

Expect Turmeric to trade higher: Angel Commodities

According to Angel Commodities, Turmeric may trade higher on improved domestic & export demand for the new season turmeric.

Expect Turmeric to trade higher: Angel Commodities

Angel Commodities' report on Turmeric

NCDEX Turmeric prices jumped more than 2.1 % to touch highest level in 3 weeks on Wednesday on improving domestic and up-country demand. The exports have also improved as new season good quality crop may have hit the physical market.

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 higher on improved domestic & export demand for the new season turmeric. The arrival pressure from new season crop may keep the prices under pressure.

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.
Sections
Follow us on
Available On