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Turmeric futures trade tad lower on NCDEX

Turmeric futures traded slightly lower on NCDEX, as market participants liquidated their bets in line with the higher acreage of turmeric in Andhra Pradesh and Maharashtra following good rains this monsoon. Moreover, lower export and domestic demand also dragged the prices further.

The contract for August delivery was trading at Rs 7076.00, down by 0.20 % or Rs 14.00 from its previous closing of Rs 7090.00. The open interest of the contract stood at 2405 lots.

The contract for September delivery was trading at Rs 7170.00, down by 0.25 % or Rs 18.00 from its previous closing of Rs 7188.00. The open interest of the contract stood at 17215 lots on NCDEX.

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