Breaking News

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

30-Aug2018

Turmeric futures trade higher on uptick demand

Turmeric futures traded higher on NCDEX, due to widening of bets by market participants tracking uptick in demand from spot domestic markets. Moreover, minimum stock levels followed by decreased arrivals from growing regions also supported the prices.

The contract for September delivery was trading at Rs 6828.00, up by 0.50% or Rs 34.00 from its previous closing of Rs 6794.00. The open interest of the contract stood at 10130 lots.

The contract for October delivery was trading at Rs 6884.00, up by 0.53% or Rs 36.00 from its previous closing of Rs 6848.00. The open interest of the contract stood at 7580 lots on NCDEX.


Related News

View all news

Turmeric futures edge lower on NCDEX

Turmeric futures edged lower on NCDEX, with the liquidation of bets by market players amid anticipation of improvement in production in coming season. Besides, sluggish demand from physical domestic and......

Turmeric futures trade lower on profit booking

Turmeric futures traded lower on NCDEX, due to profit taking by speculators at prevailing higher price levels. Moreover, dip in demand from export and domestic markets followed by the report on increased......

Turmeric futures trade in green on improved demand

Turmeric futures traded in green on NCDEX, with the expectation of bargain buying at lower levels due to improving demand from the physical market players. Besides, the export of turmeric was reported......

Top News

View all news

TCS iON enters into strategic business partnership with The Training Room

Tata Consultancy Services' (TCS) strategic business unit TCS iON has entered into a strategic business partnership with The Training Room, a leading UK provider of technical training courses and careers......

IGL plans to add 60 CNG stations, give 2 lakh connections in FY19

Indraprastha Gas (IGL) is planning to add a record 60 CNG dispensing stations and give piped cooking gas connections to at least 2 lakh households this fiscal as it steps up efforts to achieve the government's......

RCF to begin work on coal gasification based fertilizer plant at Talcher: Report

Rashtriya Chemicals and Fertilizers (RCF) will reportedly commence work on the coal gasification based fertilizer plant at Talcher in state of Odisha. The company has got approval for equity investment......