Moneycontrol
Jun 20, 2017 12:23 PM IST | Source: Moneycontrol.com

Turmeric futures expected to trade higher: Angel Commodities

According to Angel Commodities, Turmeric futures expected to trade higher on improving demand from upcountry buyers and expectation that farmer may sow lesser area this season.

Turmeric futures expected to trade higher: Angel Commodities

Angel Commodities' report on Turmeric


NCDEX Turmeric jumps 3.43% on Monday to close at 5,970 per quintal, which is highest in 7 weeks. This is second successive session gain due to rising physical demand coupled with diminishing supplies. This season the prices have been lower on less demand from upcountry and industrial buyers. Turmeric arrivals in the country are higher in the month of May.


Outlook


Turmeric futures expected to trade higher on improving demand from upcountry buyers and expectation that farmer may sow lesser area this season. Profit booking at higher prices is possible today.


For all commodities report, click here


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