Breaking News

You are here » Indian-Commodity  :  Commodities  :  Turmeric Futures Succumb To Selling Pressure

13-Apr2011

Turmeric Futures Succumb To Selling Pressure

Turmeric futures succumbed to selling pressure after witnessing massive gains past three consecutive sessions. The expectation of higher produce of the commodity this year amidst lower stocks and lower exports weighed on its prices as the turmeric production in the year 2010-11 is estimated to be at 69 lakh bags (1 bag = 70 kgs) compared to 48 lakh bags during the previous year.

The contract for April delivery was trading at Rs 10232.00, down by 0.93% or Rs 96.00 from its previous closing of Rs 10328.00. The open interest of the contract stood at 4650 lots.

The contract for May delivery was trading at Rs 9310.00, down by 1.02% or Rs 96.00 from its previous closing of Rs 9406.00. The open interest of the contract stood at 11800 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

Jet Airways reports passenger load factor of 86.7% in March

Jet Airways (India) has reported the Passenger Load Factor (PLF) of 86.7% during the month of March 2019. The company had reported the Passenger Load Factor of 89.4% during the month of February......

IndiGo launches additional daily non-stop flights to strengthen connectivity from Delhi

InterGlobe Aviation (IndiGo) has launched six additional daily non-stop flights to strengthen connectivity from Delhi. Effective May 25, the airline will operate its first direct flight on Delhi-Allahabad......

McLeod Russel to sell specified assets of its certain Tea Estates

McLeod Russel India has executed an agreement for sale of Specified Assets of Addabarie Tea Estate, Mahakali Tea Estate and Dirai Tea Estate of the Company, with Luxmi Tea Company on April 22, 2019.Earlier,......