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10-Aug2018

Turmeric futures trade higher on uptick in demand

Turmeric futures trade higher on NCDEX, due to short covering by the market participants tracking uptick in demand during sowing season. Moreover, restricted arrivals from growing regions against tight stock position also supported the upside momentum.

The contract for August delivery was trading at Rs 7140.00, up by 0.20% or Rs 14.00 from its previous closing of Rs 7126.00. The open interest of the contract stood at 4630 lots.

The contract for September delivery was trading at Rs 7220.00, up by 0.33% or Rs 24.00 from its previous closing of Rs 7196.00. The open interest of the contract stood at 16565 lots on NCDEX.


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