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Tuesday, 22 February 2011
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Turmeric rises on short covering
Turmeric yesterday we have seen that market has moved 3.29% on short-covering driven by marginal export demand. Export enquiries are there and are expected to increase if prices come down further, or become stable. Turmeric output is likely to rise to 6.7 million bags of 70 kg each from 4.65 million bags produced in 2009/10. Turmeric arrivals in Nizamabad mandi surged to 8000 bags from
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