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18-Apr2019

Turmeric futures trade higher on rising demand

Turmeric futures traded higher on NCDEX as market participants enlarged their holdings on account of rising demand for standing crop in the physical market. Moreover, government procurement in some states coupled with good exports triggered uptrend.

The contract for May delivery was trading at Rs 6414.00, up by 0.53% or Rs 34.00 from its previous closing of Rs 6380.00. The open interest of the contract stood at 17715 lots.

The contract for June delivery was trading at Rs 6498.00, up by 0.25% or Rs 16.00 from its previous closing of Rs 6482.00. The open interest of the contract stood at 4890 lots on NCDEX.


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