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09-Oct2018

Turmeric futures decline on higher arrivals

Turmeric futures traded lower on NCDEX, with the liquidation of bets tracking higher arrivals and improved sowing in turmeric growing areas of Tamilnadu, Karnataka and Maharashtra. Moreover, subdued demand from spot domestic markets also dragged the prices further.

The contract for October delivery was trading at Rs 6880.00, down by 0.78 % or Rs 54.00 from its previous closing of Rs 6934.00. The open interest of the contract stood at 5975 lots.

The contract for November delivery was trading at Rs 6566 .00, down by 0.97 % or Rs 64.00 from its previous closing of Rs 6630.00. The open interest of the contract stood at 12380 lots on NCDEX.



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