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30-Oct2018

Turmeric futures trade higher on pick-up in demand

Turmeric futures traded higher on NCDEX, on the back of increased buying by market players at prevailing lower price levels following expectation of pick-up in domestic demand amid festive season. However, some gains remained trimmed on reports of increased cultivation of turmeric in growing areas of Tamilnadu, Karnataka and Maharashtra.

The contract for November delivery was trading at Rs 6762.00, up by 0.54% or Rs 36.00 from its previous closing of Rs 6726.00. The open interest of the contract stood at 11780 lots.

The contract for December delivery was trading at Rs 6824.00, up by 0.50% or Rs 34.00 from its previous closing of Rs 6790.00. The open interest of the contract stood at 3460 lots on NCDEX.


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