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.
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.
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.
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