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NCDEX turmeric Nov contract may show downward trend

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NEW DELHI (Commodity Online): NCDEX Turmeric November contract may move both the sides, but a downward movement is expected.

According to Faiyaz Hudani, agri analyst at Kotak Commodities, The downward trend for Turmeric November contract is expected due to higher arrivals, high inventories and good sowing.

On NCDEX, the turmeric November contract traded up 1.31% or Rs 70 to reach Rs 5414 in the after noon hours.

NCDEX TURMERICNIZAMABADJUN12 20 June 2012 contract was trading at Rs 0 . What's your view on it?
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