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Turmeric futures edge higher on improved demand

Turmeric futures edged higher on NCDEX, due to fresh buying at lower price levels tracking improved demand from physical markets. However, reports of improved sowing turmeric growing areas of Tamilnadu, Karnataka and Maharashtra capped the upside.

The contract for September delivery was trading at Rs 6540.00, up by 0.21% or Rs 14.00 from its previous closing of Rs 6526.00. The open interest of the contract stood at 1765 lots.

The contract for October delivery was trading at Rs 6702.00, up by 0.36% or Rs 24.00 from its previous closing of Rs 6678.00. The open interest of the contract stood at 11685 lots on NCDEX.

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