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12-Dec2018

Turmeric futures trade higher on firm demand

Turmeric futures traded higher on NCDEX, with enlargement of stock position by stockists and retailers as well as firm demand from domestic markets. However, decline in exports and report on higher turmeric areas in Tamilnadu, Karnataka and Maharashtra trimmed some gains.

The contract for December delivery was trading at Rs 6010.00, up by 0.13% or Rs 8.00 from its previous closing of Rs 6002.00. The open interest of the contract stood at 890 lots.

The contract for April delivery was trading at Rs 6572.00, up by 0.15% or Rs 10.00 from its previous closing of Rs 6562.00.The open interest of the contract stood at 14385 lots on NCDEX.


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