Turmeric Futures Trade Lower On Profit Booking (06-Jan-2012)
Turmeric futures are trading lower due to some profit booking, lacking any major cues from the erode spot market as the mandis there will remain closed from Friday to Sunday. Earlier a day ago the spot prices spurted because of market holidays and the volume too remained on higher side.
The contract for April delivery was trading at Rs 4,784.00, down by 0.75% or Rs 36.00 from its previous closing of Rs 4,820.00. The open interest of the contract stood at 10255 lots.
The contract for May delivery was trading at Rs 4,648.00, down by 1.02% or Rs 48.00 from its previous closing of Rs 4,696.00. The open interest of the contract stood at 3935 lots on NCDEX.
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