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Turmeric slips 1.57 pc in futures trade on low demand

Press Trust of India  |  New Delhi 

Turmeric prices were trading down 1.57 per cent at Rs 6,000 per quintal in futures trade today as participants reduced exposure due to easing demand at the domestic spot markets.

At the National Commodity and Derivatives Exchange, turmeric for delivery this month fell by Rs 96, or 1.57 per cent, to Rs 6,000 per quintal, with an open interest of 355 lots.



Similarly, the spice for May delivery traded lower by Rs 62, or 1.01 per cent, to Rs 6,074 per quintal, in an open interest of 20,240 lots.

Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot markets against adequate stock position on increased supplies, mainly kept pressure on turmeric prices in futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Turmeric slips 1.57 pc in futures trade on low demand

Turmeric prices were trading down 1.57 per cent at Rs 6,000 per quintal in futures trade today as participants reduced exposure due to easing demand at the domestic spot markets. At the National Commodity and Derivatives Exchange, turmeric for delivery this month fell by Rs 96, or 1.57 per cent, to Rs 6,000 per quintal, with an open interest of 355 lots. Similarly, the spice for May delivery traded lower by Rs 62, or 1.01 per cent, to Rs 6,074 per quintal, in an open interest of 20,240 lots. Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot markets against adequate stock position on increased supplies, mainly kept pressure on turmeric prices in futures trade. Turmeric prices were trading down 1.57 per cent at Rs 6,000 per quintal in futures trade today as participants reduced exposure due to easing demand at the domestic spot markets.

At the National Commodity and Derivatives Exchange, turmeric for delivery this month fell by Rs 96, or 1.57 per cent, to Rs 6,000 per quintal, with an open interest of 355 lots.

Similarly, the spice for May delivery traded lower by Rs 62, or 1.01 per cent, to Rs 6,074 per quintal, in an open interest of 20,240 lots.

Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot markets against adequate stock position on increased supplies, mainly kept pressure on turmeric prices in futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Turmeric slips 1.57 pc in futures trade on low demand

Turmeric prices were trading down 1.57 per cent at Rs 6,000 per quintal in futures trade today as participants reduced exposure due to easing demand at the domestic spot markets.

At the National Commodity and Derivatives Exchange, turmeric for delivery this month fell by Rs 96, or 1.57 per cent, to Rs 6,000 per quintal, with an open interest of 355 lots.

Similarly, the spice for May delivery traded lower by Rs 62, or 1.01 per cent, to Rs 6,074 per quintal, in an open interest of 20,240 lots.

Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot markets against adequate stock position on increased supplies, mainly kept pressure on turmeric prices in futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22