Breaking News

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


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

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......