Turmeric Dropped Amid Lower Than Expected Exports And Higher Sowing

Turmeric trading range for the day is 6330-6574.

Turmeric dropped amid lower than expected exports and higher sowing turmeric areas of Tamilnadu, Karnataka and Maharashtra.

Turmeric sowing in all major producing states is higher than last year as weather remained favourable.

NCDEX accredited warehouses turmeric stocks dropped by -15 tonnes to 3447 tonnes.

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Soyabean Gained Amid Expectations Of Higher Government Buying

Soyabean trading range for the day is 3326-3454.

Soyabean gained amid expectations of higher government buying and improving physical demand from oil mills.

All India arrival stood around 1.2 million tons up from 1.1 million tons a day ago.

NCDEX accredited warehouses soyabean stocks gained by 4276 tonnes to 66490 tonnes.

At the Indore spot market in top producer MP, soybean dropped -2 Rupees to 3310 Rupees per 100 kgs.

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Soyabean Trading Range For The Day Is 3212-3366

Soyabean trading range for the day is 3212-3366.

Soyabean prices gained on improving crushing demand from oil mills, anticipation of exports demand for soy meal exports and MSP procurement.

However, expectation of bumper crop prospects limited the upside.

NCDEX accredited warehouses soyabean stocks gained by 8994 tonnes to 16215 tonnes.

For more information ✆ +91-8871068600 or visit Dynamic Money Research