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20-Aug2018

Turmeric futures edge higher on pickup in demand

Turmeric futures edged higher on NCDEX amid pickup in demand at the spot market. Though, reports of improved sowing from major growing areas of Tamilnadu, Karnataka and Maharashtra capped some gains in turmeric futures.

The contract for September delivery was trading at Rs 7040.00, up by 0.89% or Rs 62.00 from its previous closing of Rs 6978.00. The open interest of the contract stood at 17655 lots.

The contract for October delivery was trading at Rs 7118.00, up by 1.25% or Rs 88.00 from its previous closing of Rs 7030.00. The open interest of the contract stood at 3740 lots on NCDEX.


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