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Mid Session Commentary
Turmeric Sees Tight Movement, Arrivals Start In Nizamabad
16-Jan-20   12:44 Hrs IST

The NCDEX Turmeric futures slipped today as buying remained sluggish in the spot markets. The new crop has started arriving in the major mandi of Nizamabad in Telangana and the futures have been witnessing a choppy trend after correcting from a three and half month high of Rs 6820 per quintal at the start of New Year. Demand is thin in ready markets and traders are also focusing on the higher moisture levels. The futures are currently trading at Rs 6384 per quintal, down 0.44% on the day. The overall range has been quite tight at Rs 6468 - Rs 6374 so far today.

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