Breaking News

You are here » Indian-Commodity  :  Commodities  :  Turmeric  :  Turmeric futures decline on higher arrivals

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.



Related News

View all news

Turmeric futures edge higher on improved demand

Turmeric futures edged higher on NCDEX on account of improved demand at physical markets in the coming days. Though, expectation of pick-up in arrivals from next month, trimmed some gains.The contract......

Turmeric futures trade higher on upsurge in demand

Turmeric futures traded higher on NCDEX on fresh positions created by participants following upsurge in domestic as well as export demand. However, increase in turmeric arrivals in all the markets of Erode,......

Turmeric futures trade higher on upsurge in demand

Turmeric futures traded higher on NCDEX on fresh positions created by participants following upsurge in domestic as well as export demand. However, increase in turmeric arrivals in all the markets of Erode,......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......