Breaking News

You are here » Indian-Commodity  :  Commodities  :  Turmeric Futures Edge Lower On Arrival Pressure

18-Apr2011

Turmeric Futures Edge Lower On Arrival Pressure

Turmeric futures edged lower due to sluggish domestic demand and on arrival pressure from the fresh crops as per trade estimates, around 50% of new crop have been dumped to the market and further 50% are likely to arrive by May end. Meanwhile, as per trade sources farmers are bringing more and more produce to market as they are expecting prices might go further down which is pressurizing the prices.

The contract for April delivery was trading at Rs 9,442.00, down by 3.99% or Rs 392.00 from its previous closing of Rs 9,834.00. The open interest of the contract stood at 3140 lots.

The contract for May delivery was trading at Rs 8,720.00, down by 2.74% or Rs 246.00 from its previous closing of Rs 8,966.00. The open interest of the contract stood at 12,390 lots on NCDEX.

Related News

View all news

BT Cotton Seeds Businesses Targeting Earnings Of Rs 700 Crore This Season

BT Cotton seeds organizations are targeting earnings of Rs 700 cr this season as a result of a rise ......

Gold Challenges To Maintain Earlier Increases As The Problems In Europe Prolongs

Gold prices surrounded reduce on Monday because the euro solved their deficits in opposition to the ......

Copper Seems To Lengthen Uptrend As Dollar Recoils

Copper rates were able to lengthen the uptrend for 3rd instantly period on Monday, as traders proved......

Top News

View all news

Jumbo Finance gets shareholders' nod to increase borrowing limits up to Rs 30 crore

Jumbo Finance has received an approval to increase Borrowing Limits of the company up-to Rs 30 crore. The shareholders of the company at their meeting held on November 19, 2018, approved the same.Jumbo......

Alembic Pharma gets USFDA's nod for Vardenafil Hydrochloride Orally Disintegrating Tablets

Alembic Pharmaceuticals has received an approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Vardenafil Hydrochloride Orally Disintegrating Tablets,......

SRF expects total Rs 28 crore quantum of damage due to Cyclone GAJA

SRF is expecting a total Rs 28 crore quantum of damage caused, based on the initial assessment. The disruption of operations was due to Cyclone GAJA at the plant of Technical Textiles Business (Viralimalai)......