Breaking News

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

09-Aug2018

Turmeric futures trade lower on profit booking

Turmeric futures trade lower on NCDEX, due to profit-taking by investors amid expectations of higher acreage of turmeric in Andhra Pradesh and Maharashtra following good rains this monsoon. Meanwhile, poor exports and domestic demand also dragged the prices down.

The contract for August delivery was trading at Rs 7176.00, down by 0.47% or Rs 34.00 from its previous closing of Rs 7210.00. The open interest of the contract stood at 6230 lots.

The contract for September delivery was trading at Rs 7250.00, down by 0.06% or Rs 4.00 from its previous closing of Rs 7254.00. The open interest of the contract stood at 16520 lots on NCDEX.


Related News

View all news

Turmeric futures trade higher on pick up in demand

Turmeric futures traded higher on NCDEX, in line with fresh buying at lower price levels amid anticipations on pick up in demand from domestic markets. However, reports on improved sowing in turmeric growing......

Turmeric futures trade higher on rise in demand

Turmeric futures traded higher on NCDEX, due to enlargement of position by speculators. Moreover, rise in demand from domestic spot markets also fuelled the uptrend.The contract for October delivery was......

Turmeric futures decline on higher arrivals

Turmeric futures traded lower on NCDEX, with the liquidation of bets tracking higher arrivals and improved sowing in turmeric growing areas of Tamilnadu, Karnataka and Maharashtra. Moreover, subdued demand......

Top News

View all news

Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19.For the period April-September 2018, Hero MotoCorp......

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018.The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared......

Infosys crosses $2 billion large deal signings in Q2 FY19

Infosys has crossed $2 billion large deal signings in Q2 FY19. Besides, the company's digital revenues stood at $905 million in Q2 FY19 (31.0% of total revenues), year-on-year growth of 33.5% and sequential......