Moneycontrol
Jun 16, 2017 12:47 PM IST | Source: Moneycontrol.com

Turmeric futures expected to trade down: Angel Commodities

According to Angel Commodities, Turmeric futures expected to trade down on further profit bookings but improving demand from upcountry buyers and expectation that farmer may sow lesser area this season will support prices.

Turmeric futures expected to trade down: Angel Commodities

Angel Commodities' report on Turmeric


NCDEX Turmeric fell over 1% on Thursday mainly on profit booking after surging over 3% in the previous session. The physical demand is rising and market arrivals are diminishing. However, the trend seems to be little sideways on reports of good rains in turmeric growing areas.


Outlook


Turmeric futures expected to trade down on further profit bookings but improving demand from upcountry buyers and expectation that farmer may sow lesser area this season will support prices.


For all commodities report, click here


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