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Apr 20, 2017 12:57 PM IST | Source: Moneycontrol.com

Expect Turmeric to trade sideways: Angel Commodities

According to Angel Commodities, Turmeric may trade is expected to trade sideways as demand have been lower this season.

Expect Turmeric to trade sideways: Angel Commodities

Angel Commodities' report on Turmeric


NCDEX Turmeric recovers a little yesterday on bargain buying at lower levels. Turmeric arrivals in the country is sliding in the last fortnight to 40,014 tonnes (Apr 1-15) compared to 53,762 tonnes during second half of March, as per the Agmarknet data.


Outlook


Turmeric may trade is expected to trade sideways as demand have been lower this season. There is anticipation good demand in the physical market as prices have touched lowest this season. The upcountry and spot demand is steady and not picking up as expected.


For all commodities report, click here


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