Turmeric trading range for the day is 5354-5626. Turmeric dropped as higher supplies in the market amid weak demand weighed on prices. Steady pace of new crop supplies amid higher production also weighed on prices. NCDEX accredited warehouses turmeric stocks gained by 160 tonnes to 4640 tonnes. In Nizamabad, a major spot market in AP, the price ended at 5400 Rupees dropped -250 Rupees.
Mentha oil trading range for the day is 902.5-933.3. Mentha oil spot at Sambhal closed at 1067.50 per 1kg. Spot prices was up by Rs.1.20-. Mentha oil dropped but prices recovered from lows due to improved demand against limited arrivals from producing belts. Downside also seen limited on expectations that demand from the pharmaceutical industries might pick-up in coming days. India exported 21,150 metric tonnes of mentha and allied products, valued at Rs 2,577.59 crore in FY16.
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