New Document top_band
 
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

Read more on:    Turmeric | Spices | Ncdex
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

Markets slip as buying interest wanes; Sensex below 26,000

Markets extended losses on profit taking while lack of buying interest further accentuated the fall

MindTree hits new high; surges 20% post Q1 results

For FY15 company continues to maintain its guidance of doing better than its FY14 performance (15.1% YoY) and NASSCOM guidance of 13-15%

Sensex below 26,000; RIL down 1.5%

Coal India,TCS, ICICI Bank, Bajaj Auto and Hindalco among the top losers

Coal India declines over 5% in two-days

The stock dipped nearly 4% to Rs 364, extending its Friday's 2% decline on the National Stock Exchange.

PSU divestment hopefuls outperform markets

Stocks like BEML have risen as much as 300% in the past one year

Back to Top