Turmeric

Trading Ideas

* Turmeric trading range for the day is 6282-6398.

* Turmeric dropped amid expectations of increase in arrivals at the spot markets in the coming days with better moisture content.

* However downside seen limited on the back of concerns that drought conditions and cold weather will affect the crop production.

* NCDEX accredited warehouses turmeric stocks dropped by 10 tonnes to 60 tonnes.

* In Nizamabad, a major spot market in AP, the price ended at 6579.15 Rupees dropped -16 Rupees.

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