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27-Nov2018

Turmeric futures trade tad higher on uptick in spot demand

Turmeric futures traded marginally higher on NCDEX, due to enlarged portfolios by market players tracking uptick in demand from spot domestic markets. However, higher acreage of turmeric in Tamilnadu, Karnataka and Maharashtra is capping the upside momentum.

The contract for December delivery was trading at Rs 6424 .00, up by 0.28% or Rs 18.00 from its previous closing of Rs 6406.00. The open interest of the contract stood at 10380 lots.

The contract for April delivery was trading at Rs 6474 .00, up by 0.12% or Rs 8.00 from its previous closing of Rs 6466.00. The open interest of the contract stood at 11430 lots on NCDEX.



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