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12-Oct2018

Turmeric futures trade higher on pick up in demand

Turmeric futures traded higher on NCDEX, in line with fresh buying at lower price levels amid anticipations on pick up in demand from domestic markets. However, reports on improved sowing in turmeric growing areas of Tamilnadu, Karnataka and Maharashtra capped the upside.

The contract for October delivery was trading at Rs 6950.00, up by 0.23 % or Rs 16.00 from its previous closing of Rs 6934.00. The open interest of the contract stood at 3160 lots.

The contract for November delivery was trading at Rs 6640.00, up by 0.33 % or Rs 22.00 from its previous closing of Rs 6618.00. The open interest of the contract stood at 11550 lots on NCDEX.


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