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Turmeric gains significantly

Spot prices at the major domestic mandis were quoted at higher rates due to better offtakes by the stockists on Wednesday.

Domestic mandis in Erode and Nizamabad are witnessing improved arrivals of around 20000 and 12000 bags in Erode and Nizamabad mandis respectively.

Demand from the local stockists has improved in anticipation of further rise in the prices in the coming days.

Turmeric futures continued their upward move since the beginning of the session and ended the day on the upper freeze for the day on Tuesday.

Spread between the Apr and May contract is at -26.

Courtesy: Angel Commodities

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MCX ALUMINIUM 30 April 2012 contract was trading at Rs 111.8 , up Rs. 2.8 . What's your view on it?
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