Business Standard

Turmeric rises on short-covering, lower output

April, may contracts gain 0.4% each as speculators cover up positions on buzz of lower output

Related News

Amid covering-up of short positions by speculators and hopes of lower output, prices rose by Rs 30 to Rs 6,790 per quintal in futures trade today.

At the National Commodity and Derivatives Exchange, turmeric for delivery in May was up by Rs 30, or 0.44 per cent, to Rs 6,790 per quintal, with an open interest of 7,220 lots.

The April contract traded higher by Rs 26, or 0.39 per cent, to Rs 6,664 per quintal, with a business turnover of 28,760 lots.

Marketmen said covering-up of positions at prevailing levels by speculators and expectations of lower output as the area under cultivation was lower this year due to scanty rainfall during the planting season, influenced turmeric futures prices.

Read more on:   
|
|

Read More

Arabica prices might see modest recovery by June

Prices fell 40-45 per cent to 143 cents a pound, compared with 250-260 cents a pound in the first three months of 2012Arabica coffee prices, which ...

Quick Links

 

Market News

Amid bearish environment, iron ore prices keep falling

So far this year, prices of benchmark ore have fallen 35 per cent to $75 a tonne

Today's picks- 24 November 2014

Nifty, Bank Nifty,Infosys, Tata Steel & PowerGrid

PowerGrid shares slip after FII investment limit hits ceiling

The shares dropped 3% to close at Rs 142.15 on the BSE

LIC ready to buy shares in govt divestment programme

LIC has a net investible surplus of Rs 2 lakh crore and its market exposure is over Rs 3 lakh crore

SEBI aligns overseas derivative instrument rules

They have been brought in line with new foreign investment norms approved earlier this year

Back to Top