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12-May2011

Turmeric High On Short Covering

Turmeric increased high on limited covering. Information better arrivals, increased shares and lower foreign trade requirement had pressurised the costs of the product to drop at significantly decrease ranges. However, the expectation of exports increasing for the item in the upcoming weeks also guided the investors expand their situation

The agreement for May supply was exchanging at Rs 8,764.00, increase by 2.79% or Rs 238.00 from their prior ending of Rs 8,526.00. The available interest of deal was standing at 10255 lots.

The deal for June offering was transacting at Rs 8,406.00, upward by 1.03% or Rs 86.00 from their past ending of Rs 8,320.00. The available interest regarding settlement were standing at 7550 lots on NCDEX.

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