Commodities trading tips for turmeric by Kedia commodity

Turmeric, yesterday settled at 1.97% 4672 due to higher inventories and sluggish demand transfer spot, although the problems, heavy rains can corrupt output limited the downside. Sentiment is weak due to the huge reserves. Demand also is not improving. According to market sources, timely rains in key production Curcuma States such as Maharashtra, Tamil Nadu and Andhra Pradesh led to the planting of turmeric in harvest is progressing this season. Main areas Erode already completed 40% of their crops, while Maharashtra has completed 45-50% of crops for this year. Futures prices were also under pressure, stocks in local mandies. According to market sources of timely rainfall in major production Curcuma States such as Maharashtra, Tamil Nadu and Andhra Pradesh reported steady progress of seeding of turmeric crops this year. Main areas Erode already completed 40% of their crops, while Maharashtra has completed 45-50% of crops for this year. Besides the improvement of crops due to the presence of water in those States could also lead to better performance in the current year. Special fields 10 percent be imposed on the side to sell w. e. f. on August 6 in accordance with circular NCDEX. As the market has seen gains in open interest at 1.47% and settled at 21470, while prices are down-94 rupees, now is getting the support of turmeric 4605 below could see the test level and resistance 4539 now likely see on 4753, a step above could see prices testing 4835, technically the market is under fresh selling.