Wednesday 26 June 2019

CAPITALSTARS WEDNESDAY TURMERIC FUTURES AGRI MARKET NEWS UPDATE 26 JUNE 2019

Turmeric futures closed higher for the second consecutive session on Tuesday due to short covering


It slipped to 12-weeks low on Monday due to higher deliveries at Exchange. For June, about 3400 tonnes of delivery allocation is done till 21st June against 10 tonnes delivery last year. 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.

Turmeric futures expected to trade under pressure on higher stocks with traders and farmers. However, improving export demand and forecast of below normal rains in the turmeric growing areas of the country may support prices as season progresses
CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
CLICK HERE TO VISIT MY WEBSITE : HTTP://WWW.CAPITALSTARS.COM/FREE-TRIAL

1 comments:

  1. Really ,This is a beautiful post. I enjoyed the knowledge lot. i will be able to bookmark this page. Thanks for sharing this important information
    intraday tips | mcx tips | commodity tips

    ReplyDelete