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28-Nov2018

Turmeric futures trade higher on good spot demand

Turmeric futures traded higher on NCDEX, with the increased buying by market participants on good demand from spot domestic markets. However, some gains were trimmed on increased acreage of turmeric in Tamilnadu, Karnataka and Maharashtra and slip in exports.

The contract for December delivery was trading at Rs 6432.00, up by 0.31% or Rs 20.00 from its previous closing of Rs 6412.00. The open interest of the contract stood at 10290 lots.

The contract for April delivery was trading at Rs 6470.00, up by 0.34% or Rs 22.00 from its previous closing of Rs 6448.00. The open interest of the contract stood at 11900 lots on NCDEX.


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