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04-Feb2019

Turmeric futures trade higher on improving demand

Turmeric futures traded higher on NCDEX, as market players enlarged their bets on the back of good exports and improving domestic demand. Though, expectations of new season arrivals amid good production prospects in growing areas of Tamilnadu, Karnataka and Maharashtra, capped some gains.

The contract for April delivery was trading at Rs 6394.00, up by 0.16% or Rs 10.00 from its previous closing of Rs 6384.00. The open interest of the contract stood at 13820 lots on NCDEX.


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