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NCDEX turmeric falls, buy above Rs.5000: Edelweiss

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Turmeric prices closed steady due to lack of export demand and selling pressure in the future contract on account of fresh supplies in the spot market.


Turmeric production for the year 2011‐12 is projected at 82 lakh bags (1 bag= 70 kgs) compared to 69 lakh bags in 2010‐11.


Turmeric arrivals in the Nizamabad mandi were around 15,000 bags.


BUY NCDEX TURMERIC (NOV) ABOVE 5000 SL 4900 TGT 5400
R1 5250 R2 5400 S1 4950 S2 4800

MCX Light Sweet Crude Oil 19 June 2012 contract was trading at Rs 5241 , up Rs. 233 . What's your view on it?
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