Moneycontrol
Jun 19, 2017 12:32 PM IST | Source: Moneycontrol.com

Turmeric futures expected to trade sideways: Angel Commodities

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

Turmeric futures expected to trade sideways: Angel Commodities

Angel Commodities' report on Turmeric


NCDEX Turmeric jumps 4.5% last week to close at 5,772 per quintal, which is highest price in last one month. This is second successive weekly gain due to rising physical demand coupled with diminishing supplies.


Outlook


Turmeric futures expected to trade sideways on 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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