Wednesday 12 November 2014

Turmeric gains 0.79% on rising demand



NCDEX Turmeric, Future trading

Turmeric prices rose by 0.79 % to Rs 6,384 per quintal in futures trade today as speculators indulged in creating fresh positions amid rising domestic as well as export demand in the spot market.

Besides, tight supplies in the physical market following restricted arrivals from producing regions supported the upside.

At the NCDEX turmeric for delivery in November traded higher by Rs 50, or 0.79 per cent, to Rs 6,384 per quintal with an open interest of 865 lots.

The December contract gained Rs 46, or 0.70 per cent, to Rs 6,610 per quintal in 9,290 lots.

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