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02-Nov2018

Turmeric futures edge lower on higher acreage

Turmeric futures edged lower on NCDEX, as speculators reduced exposure on account of decline in export demand. Moreover, expectations of better crop this season, amid reports of increase in acreage compared to last year, also weighed on turmeric prices.

The contract for November delivery was trading at Rs 6706.00, down by 0.21% or Rs 14.00 from its previous closing of Rs 6720.00. The open interest of the contract stood at 9195 lots.

The contract for December delivery was trading at Rs 6720.00, down by 0.15% or Rs 10.00 from its previous closing of Rs 6730.00. The open interest of the contract stood at 6685 lots on NCDEX.


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