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22-Jan2019

Turmeric futures trade lower on higher production prospects

Turmeric futures traded lower on NCDEX, due to expectation of higher production prospects this season amid higher acreage in Telangana. However, good exports and improving domestic demand restricted some losses.

The contract for April delivery was trading at Rs 6588.00, down by 0.45% or Rs 30.00 from its previous closing of Rs 6618.00. The open interest of the contract stood at 13190 lots.

The contract for May delivery was trading at Rs 6630.00, down by 0.51% or Rs 34.00 from its previous closing of Rs 6664.00. The open interest of the contract stood at 530 lots on NCDEX.


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