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14-Aug2018

Turmeric futures trade higher on increase in demand

Turmeric futures traded higher on NCDEX, as stockists and retailers engaged in frantic buying on anticipations of increase in physical demand during sowing season. However, upside been capped on reports of improved sowing turmeric growing areas of Tamil Nadu, Karnataka and Maharashtra.

The contract for August delivery was trading at Rs 7054.00, up by 0.77 % or Rs 54.00 from its previous closing of Rs 7000.00. The open interest of the contract stood at 345 lots.

The contract for September delivery was trading at Rs 7136.00, up by 0.17 % or Rs 12.00 from its previous closing of Rs 7124.00. The open interest of the contract stood at 17180 lots on NCDEX.




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