NCDEX Turmeric slipped lower for the 4th consecutive week mainly on fresh selling
The prices have corrected after
climb to the 2019 high of 7,360 levels due to sufficient availability
of turmeric with the farmers. The improving 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.
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The prices have corrected after
climb to the 2019 high of 7,360 levels due to sufficient availability
of turmeric with the farmers. The improving 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 to visit my website : https://bit.ly/1h8KZUM
Free Trial link : https://bit.ly/2u2GUhK
Any queries CALL US : 9977499927
CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -
Visit our website : http://www.capitalstars.com/free-trial
CAPITALSTARS CALL US : 9977499927
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