Commodity Outlook for Turmeric by KediaCommodity

TurmericTurmeric ended positive on some enquiries from the overseas market and a decline in arrivals. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped 109 rupees to 11,544 rupees per 100 kg. Turmeric exports fell 19 percent to 2,500 tonnes in February in the year-ago period. Turmeric yesterday we have seen that market has moved 1.12%. Market has opened at 11150 & made a low of 11130 versus the day high of 11465. The total volume for the day was at 3820 lots and the open interest was at 5290.Support for turmeric is at 11185 below that could see a test of 10990. Resistance is now seen at 11520 above that could see a resistance of 11660.

Thanks to early Easter holidays, U.S. retail sales in March rose 9 percent over the same month a year ago

Thanks to early Easter holidays, U.S. retail sales in March rose 9 percent over the same month a year agoThe International Council of Shopping Centers said on Thursday that U. S. retail sales in March rose 9 percent over the same month a year ago.

It was further reported by the report that covers 31 retail chains that the Easter holiday, eight days earlier on the calendar this year, boosted sales at comparable stores between 4 percent and 5 percent, as the April 4 holiday pushed the bump in retail activity back to late March.

Hammary Furniture chests and tables recalled due to high levels of lead paint

Hammary Furniture chests and tables recalled due to high levels of lead paintAccording to the reports, the U. S. Consumer Product Safety Commission announced a voluntary recall of Hammary Furniture chests and tables due to high levels of lead paint.

It was further reported that about 7,000 decorative tables and chests were imported from China, the Philippines and Vietnam by Hammary Furniture Co. of Lenoir, N. C. and sold nationwide from November 2001 through November
2009 for between $200 and $900 each.

Irrespective of Asia and Europe, U.S. stocks go up

Irrespective of Asia and Europe, U.S. stocks go upMajor U. S. indexes pulled ahead after early losses sparked by a drop in U. S. consumer credit activity, though markets in Asia and Europe tipped lower Thursday.

It was shown by a U. S. Federal Reserve report issued on Wednesday afternoon that consumer credit dropped 5.5 percent on an annual basis, declining by $11.5 billion in February. A slight rise was expected by Economists in consumer activity.

Crude oil prices continue their downward journey, move closer to $85 per barrel

Crude oil prices continue their downward journey, move closer to $85 per barrelAfter the Energy Information Administration said that stockpiles rose last week, Crude oil for May delivery held under $86 per barrel in New York on Thursday.

It was announced by the officials that U. S. crude oil inventories rose by 2 million barrels in the week ending April 2, while gasoline inventories fell by 2.5 million barrels.

On the New York Mercantile Exchange, the price of May delivery lost 34 cents from a prior settlement to $85.54 per barrel.

Women’s pea-coats from Foria International recalled

Women’s pea-coats from Foria International recalledA voluntary recall was announced by the U. S. Consumer Product Safety Commission of Foria International women's pea coats that failed federal flammability standards.

About 800 double-breasted, long-sleeved pea coats were imported from China by Foria International Inc. of City of Industry, Calif., and sold nationwide from October 2009 through January 2010 for about $60.

It was further reported that the blue-and-white plaid coats are made of 100 percent cotton fleece and have "Authentic" printed on the label sewn on the inner neckline.

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