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08-Aug2018

Turmeric futures trade lower on NCDEX

Turmeric futures trade lower on NCDEX as participants trimmed their bets in line with anticipations of higher acreage of turmeric in Andhra Pradesh and Maharashtra following good rains this monsoon. Moreover, tepid demand from domestic spot markets also pressurized the turmeric prices in future trade.

The contract for August delivery was trading at Rs 7214.00, down by 0.50% or Rs 36.00 from its previous closing of Rs 7250.00. The open interest of the contract stood at 6630 lots.

The contract for September delivery was trading at Rs 7264 .00, down by 0.25% or Rs 18.00 from its previous closing of Rs 7282.00. The open interest of the contract stood at 16270 lots on NCDEX.


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