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10-Jan2019

Turmeric futures trade higher on firm demand

Turmeric futures traded higher on NCDEX, in line with speculative positions built up by participants amid firm demand in domestic as well as export markets. However, reports on improved sowing in turmeric growing areas of Tamilnadu, Karnataka and Maharashtra capped the upside.

The contract for April delivery was trading at Rs 6650.00, up by 0.67% or Rs 44.00 from its previous closing of Rs 6606.00. The open interest of the contract stood at 13225 lots.

The contract for May delivery was trading at Rs 6680.00, up by 0.57% or Rs 38.00 from its previous closing of Rs 6642.00. The open interest of the contract stood at 240 lots on NCDEX.


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