NCDEX Turmeric edged lower on Wednesday and now trading at 8-week lows on fresh selling by market participants
Turmeric futures expected to trade under pressure on higher stocks with traders and farmers. Government procurement in some states coupled with improving demand for exports will support price rise.mproving export demand and forecast of below normal rains in the turmeric growing areas of the country may support prices as season progresses.
As per Commerce Ministry, turmeric exports during the month of March, up 25.5% y/y to 13,140 tonnes (Vs 10,473 t). While, turmeric exports in 2018/19 is up by 19.2% compared to last year. Country exported about 1.33 lakh tonnes of turmeric in FY 18-19 compared to 1.11 lt last year. In 2018/19, production is forecast at 10.77 lt in the 3rd advance estimates by the government.
CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -
Click here to visit my website : http://www.capitalstars.com/free-trial
Free Trial link : https://bit.ly/2u2GUhK
Free Trial link : https://bit.ly/2u2GUhK
CAPITALSTARS CALL US : 9977499927
0 comments:
Post a Comment