Turmeric Futures Trade Marginally Up On NCDEX (27-Aug-2010)
Turmeric futures are trading tad higher as stockiest reportedly held back their stocks in anticipation of a rise in demand in coming days as exports are likely to pick up in the near term. However, the anticipation of increment in acreage as good monsoon is predicted could put pressure the commodity in the near term.
The contract for September delivery was trading at Rs 12968.00, up by 0.11% or Rs 14 from its previous closing of Rs 12954.00.The open interest of the contract stood at 7705 lots.
The contract for October delivery was trading at Rs 12166.00, up by 0.13% or Rs 16 from its previous closing of Rs 12150. The open interest of the contract stood at 1330 lots on the NCDEX.
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