Commodity picks: August 7, 2017

Turmeric, Cotton seed oil cake

Prerana Desai 

Turmeric

in Nizamabad market are currently at Rs 7,654 a quintal. have been moving higher over the past couple of weeks amid firm demand from processors and traders. Also, there are chances of crop damage in Tamil Nadu. are expected to continue to trade higher towards Rs 7,770 in the coming days.

Cotton seed oil cake

in Akola market are currently at Rs 1,514 a quintal. are moving lower amid weak demand from processors and selling by stockists. are expected to follow the bearish trend and can move towards Rs 1,490 a quintal going ahead.

Prerana Desai, V-P (research), Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain