Commodity Outlook for Turmeric by KediaCommodity

TurmericTurmeric ended higher on strong local and export demand amid limited arrivals. Turmeric exports in February 2010 stood at 2,500 tonnes, down 19 percent from a year ago, according to data from the Spices Board. In Nizamabad the price rose 621 rupees and ended at 13112 rupees. Turmeric yesterday we have seen that market has moved 3.2%. Market has opened at 13177 & made a low of 13030 versus the day high of 13435. The total volume for the day was at 18420 lots and the open interest was at 12950.Support for turmeric is at 13085 below that could see a test of 12855. Resistance is now seen at 13490 above that could see a resistance of 13665.

Turmeric trading range is 12855-13665.

Turmeric ended higher on strong local and export demand amid limited arrivals

Turmeric looks to have resistance at 13380 and support is at 13240.

Turmeric exports in February 2010 stood at 2,500 tonnes, down 19 percent

WAIT FOR FRESH ENTRY. IMP SUPPORT IS AT 13160 AND RESIST IS AT 13540.

In Nizamabad spot prices rose 621 rupees and ended at 13112 rupees per 100 kg.