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.
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.
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.
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