Turmeric contracts traded down on reports of weak offtake in the spot markets by the north Indian buyers. Rising arrivals of the new crop coupled with low buying weighed on turmeric prices. Report of huge stocks with the growers is also adding bearish cues to the market sentiments. The stocks are projected to be higher for the year due to better output and higher acreage. However, the demand is expected to improve in upcoming days due to arrival of quality crop. As per market source, turmeric arrivals in Erode and Nizamabad were around 19000 bags and 10000 bags. The finger variety fetched Rs.3600 in Erode and Rs.4600 per 100kg in Nizamabad.
The spot market in Nizamabad will remain closed for Holi from Wednesday-Sunday. Visit here To Get Free Tips @ http://commodity-intraday.blogspot.in/2012/03/ncdex-trend-and-tips-for-today-7th-mar.html -- Get latest market updates & search internet right from your browser-download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at – http://investorline.co.in/ Newsroom: http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Newscatcher- http://catcher.investorline.co.in/ Interested in Financial Planning-Let us Contact you- http://spreadsheets.google.com/viewform?key=pb_z4f1_zGMg4iBBFT3-SWQ&email=true If you like the site then promote it here- https://www.freetellafriend.com/tell/?url=http://investorline.co.in/blogs/news Create your own free blog on- http://investorline.co.in/blogger Visit this group at http://groups.google.com/group/india-investor
