“Commodity Trading Tips” for 07 March
Down trend ongoing in turmeric root extract extract futures trading on the back of greater stocks from the fresh plants along with greater production concerns.Demand from the offshore and home buyers kept lower loaning support to the holds in the market.
Rates are dropping for turmeric root extract extract as greater arrivals of the new plants avoided any major uptrend for the investment. With improved arrivals, the uptrend may be restricted until need choices up. Anticipations that arrivals might obtain strength in the future is reducing prices from trading greater.
Good shares and improved selling need along with vulnerable need in the mandis have kept pattern vulnerable for the investment over the last few weeks. Generation of Turmeric root extract extract is predicted to touch traditional level of 81 lakh luggage in 2011-12 season.