New Document top_band
 
Business Standard

Turmeric futures surge 3% on spot demand

Read more on:    Turmeric | Spices | Ncdex
Related News

prices rose by over 3% to Rs 4,588 per quintal in futures trade today, as speculators created fresh positions, driven by a rise in spot demand.

Restricted supplies following holding back of stocks by speculators on hopes of an improvement in prices in coming days, also supported the rise.

At the National Commodity and Derivatives Exchange, turmeric for delivery in April rose by Rs 140, or 3.15%, to Rs 4,588 per quintal, with an open interest of 10,115 lots.

The May contract moved up by Rs 54, or 1.23%, to Rs 4,444 per quintal, with a business turnover of 2,245 lots.

Analysts said apart from pick-up in demand in the spot market, holding back of stocks by speculators on hopes of rise in prices in coming days,also led to the rise in turmeric prices at futures trade here.

Read more on:   
|
|

Read More

Sugar falls on weak demand

Prices fell due to rising supplies from mills

Quick Links

 

Market News

Nafed seeks a 12% cut in NSEL dues

Argues that NSEL procured low quality cotton resulting into losses of Rs 12 cr to Nafed

Uttarakhand to impose 2% entry tax on sugar

Move to stop units from buying commodity from Uttar Pradesh

Markets end at record closing highs

Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.

Sensex up 100 points; Infy, TCS up 2%

Sesnex is up 93 points at 26,119 and Nifty is up 18 points at 7,786 levels

Atul Limited soars over 10% on robust Q1 earnings

Q1 net profit up 48% at Rs 59.78 crore against Rs 40.45 crore in the corresponding quarter previous year.

Back to Top