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18-Mar2019

Turmeric futures trade lower on profit booking

Turmeric futures traded lower on NCDEX on profit booking amid new season arrivals and good production prospects. Moreover, subdued demand for the crop in the spot markets too triggered the downside momentum.

The contract for April delivery was trading at Rs 6118.00, down by 1.86% or Rs 116.00 from its previous closing of Rs 6234.00. The open interest of the contract stood at 9695 lots.

The contract for May delivery was trading at Rs 6174.00, down by 1.97% or Rs 124.00 from its previous closing of Rs 6298.00. The open interest of the contract stood at 5690 lots on NCDEX.


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