Wednesday, August 16, 2017

Turmeric futures are expected to trade in negative note for the day

Turmeric futures are expected to trade in negative note for the day. Supplies are increasing slowly at the spot market in anticipation of good demand ahead of festive season.

However, buying activities are not picking up as expected which may weigh down the futures market sentiments. Sowing has improved well in Telangana after good rainfall; however is still weak in other major growing states such as Andhra Pradesh and Tamil Nadu.
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