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25-Feb2019

Turmeric futures trade lower on NCDEX

Turmeric futures traded lower on NCDEX, amid expectations of increase in arrivals at the spot markets in the coming days with better moisture content. Further, improved crop prospects in Maharashtra and expectation of higher output this year too triggered the downside momentum.

The contract for April delivery was trading at Rs 6156.00, down by 0.71% or Rs 44.00 from its previous closing of Rs 6200.00. The open interest of the contract stood at 11975 lots.

The contract for May delivery was trading at Rs 6224.00, down by 1.11% or Rs 70.00 from its previous closing of Rs 6294.00. The open interest of the contract stood at 2800 lots on NCDEX.


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