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11-Feb2019

Turmeric futures trade higher on NCDEX

Turmeric futures traded higher on NCDEX, on concerns that drought conditions and cold weather will adversely affect the production. However, sluggish demand in the physical markets as traders are not interested in old crop produce and are awaiting the commencement of new crop supplies, capped some gains.

The contract for April delivery was trading at Rs 6354.00, up by 0.19% or Rs 12.00 from its previous closing of Rs 6342.00. The open interest of the contract stood at 12715 lots on NCDEX.


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