Breaking News

You are here » Indian-Commodity  :  Commodities  :  Turmeric  :  Turmeric futures trade higher on rise in demand

22-Oct2018

Turmeric futures trade higher on rise in demand

Turmeric futures traded higher on NCDEX, as the speculators engaged in widening of bets on the back of rise in demand in the physical markets. Moreover, dip in stock levels and lower arrivals of quality goods triggered the uptrend in the turmeric prices in the future trade.

The contract for November delivery was trading at Rs 6580.00, up by 0.30% or Rs 20.00 from its previous closing of Rs 6560.00. The open interest of the contract stood at 12490 lots.

The contract for December delivery was trading at Rs 6588.00, up by 0.52% or Rs 34.00 from its previous closing of Rs 6554.00. The open interest of the contract stood at 1645 lots on NCDEX.


Related News

View all news

Turmeric futures trade higher on NCDEX

Turmeric futures traded higher on NCDEX on account of expectation of improvement in demand at physical markets in the coming days. Though, expectation of pick-up in arrivals from next month, trimmed some......

Turmeric futures trade higher on improving demand

Turmeric futures traded higher on NCDEX, as participants enlarged their bets tracking improving demand at the spot market. Moreover, government procurement in some states also fuelled the upside trend.The......

Turmeric futures trade higher on improving demand

Turmeric futures traded higher on NCDEX, as participants enlarged their bets tracking improving demand at the spot market. Moreover, government procurement in some states also fuelled the upside trend.The......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......