Breaking News

You are here » Indian-Commodity  :  Commodities  :  Turmeric  :  Turmeric futures trade lower on NCDEX

18-Feb2019

Turmeric futures trade lower on NCDEX

Turmeric futures traded lower on NCDEX, on the back of improved crop prospects in Maharashtra. Further, expectation of higher production this season due to higher acreage in Telangana also fuelled the downtrend.

The contract for April delivery was trading at Rs 6246.00, down by 0.95% or Rs 60.00 from its previous closing of Rs 6394.00. The open interest of the contract stood at 12875 lots.

The contract for May delivery was trading at Rs 6310.00, down by 1.31% or Rs 84.00 from its previous closing of Rs 6428.00. The open interest of the contract stood at 1900 lots on NCDEX.


Related News

View all news

Turmeric futures trade higher on improving demand

Turmeric futures traded higher on NCDEX, as participants enlarged their bets tracking improving demand at the spot market. Moreover, government procurement in some states also fuelled the upside trend.The......

Turmeric futures trade higher on improving demand

Turmeric futures traded higher on NCDEX, as participants enlarged their bets tracking improving demand at the spot market. Moreover, government procurement in some states also fuelled the upside trend.The......

Turmeric futures trade higher on NCDEX

Turmeric futures traded higher on NCDEX with widening of portfolios by market participants due to improving physical demand for the crop. However, expectation of increase in fresh arrivals at the spot......

Top News

View all news

Power Grid fully utilises JPY 22 billion loan

Power Grid Corporation has fully drawn a 22 billion Japanese Yen (JPY) loan and utilised it to finance capital expenditure for its ongoing and new projects.Power Grid had entered into a JPY 22-billion......

Mahindra deploys six armoured Marksman at Delhi Airport

Mahindra Group has deployed six armoured Marksman vehicles at Indira Gandhi International Airport in Delhi. With this deployment, Delhi airport becomes first to get bullet-proof vehicle in its premises......

Oil India signs MoU with Gauhati University: Report

Oil India and Gauhati University have reportedly signed a Memorandum of Understanding (MoU) on March 19, 2019. The MoU aims to extend the facility of Technology Incubation Centre at Gauhati University......