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Expect Turmeric to trade sideways: Angel Commodities – Moneycontrol.com

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Angel Commodities’ report on Turmeric

NCDEX Turmeric closed last week in negative due to steady demand and higher stocks with the farmers and stockists. However, the prices seems to have steadied during the last three trading session on expectation of rebound in physical deamand.

Outlook

Turmeric futures may trade sideways on balanced supply and demand. There are sufficient stocks with the farmers and lower demand from the industrial buyers. The arrivals in physical market have been lower due to less realization for the farmers.

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