အိႏၵိယအမ်ိဳးသားကုန္စည္နွင့္လူသံုးကုန္စ်းကြက္(NCDEX)မွကူးယူေဖၚျပသည္
ERODE (Commodity Online): The trend in turmeric
futures for August delivery on India's National Commodity and
Derivatives Exchange (NCDEX) is range bound and break out of any of the
sides of the range 5640-6120 may give clear direction to the commodity
prices. However, short covering is expected at current levels, according
to our analyst at Commodity Online.
NCDEX turmeric for August delivery was seen trading up by 0.45% at Rs.5850 per 100 kgs as of 11.44 AM IST on Friday.
Spot turmeric prices recorded an up-tick on Thursday on good domestic demand and quality arrivals. Traders said that they have received a few local orders for the yellow spice.
Spot prices are expected increase later this month after recording fresh domestic demand.
However, huge carry over stocks in the domestic were seen pressuring the commodity prices to certain extent. Good sowing for the turmeric crop is expected weigh on the prices to certain extent in the spot markets.
As per the recent report from Andhra Pradesh Agriculture Department, acreage under turmeric in the state stood higher at 29525 hectares, higher when compared to the 24947 hectares sown during the same period last year.
NCDEX turmeric for August delivery was seen trading up by 0.45% at Rs.5850 per 100 kgs as of 11.44 AM IST on Friday.
Spot turmeric prices recorded an up-tick on Thursday on good domestic demand and quality arrivals. Traders said that they have received a few local orders for the yellow spice.
Spot prices are expected increase later this month after recording fresh domestic demand.
However, huge carry over stocks in the domestic were seen pressuring the commodity prices to certain extent. Good sowing for the turmeric crop is expected weigh on the prices to certain extent in the spot markets.
As per the recent report from Andhra Pradesh Agriculture Department, acreage under turmeric in the state stood higher at 29525 hectares, higher when compared to the 24947 hectares sown during the same period last year.
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