Turmeric Futures Bounce Back On Short Covering (23-Jan-2012)
Turmeric futures after witnessing decline in spot markets for couple of session are trading higher on short covering. The trade has remained lackluster for the commodity for weeks now and if arrivals from Mysore increase then prices can again come under pressure.
The contract for April delivery was trading at Rs 4638.00, up by 1.67% or Rs 76.00 from its previous closing of Rs 4562.00. The open interest of the contract stood at 9970 lots.
The contract for May delivery was trading at Rs 4526.00, up by 2.63% or Rs 116.00 from its previous closing of Rs 4410.00. The open interest of the contract stood at 4885 lots on NCDEX.
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