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16-Apr2018

Turmeric futures trade higher on strong demand

Turmeric futures traded higher on NCDEX, on back of good buying interest from local stockists amid arrival of good quality produce and strong upcountry demand. Moreover, reports that export demand would increase in near term also fuelled the uptrend.

The contract for April delivery was trading at Rs 6770.00, up by 1.14% or Rs 76.00 from its previous closing of Rs 6694.00. The open interest of the contract stood at 165 lots.

The contract for May delivery was trading at Rs 6834.00, up by 1.24% or Rs 84.00 from its previous closing of Rs 6750.00. The open interest of the contract stood at 14085 lots on NCDEX.


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