Turmeric weakens on subdued demand

Subdued demand against adequate stocks position mainly led to fall in turmeric prices at futures trade

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:10 AM IST

Turmeric prices weakened by Rs 26 to Rs 4,104 per quintal in futures trading today owing to slackened demand against adequate stocks availability in the physical market.

Reports of higher output this year in growing areas also put pressure on turmeric prices.

At the NCDEX, the June delivery declined by Rs 26, or 0.63%, to Rs 4,104 per quintal, with an open interest of 28,125 lots.

The May delivery shed Rs 4, or 0.10%, to Rs 3,830 per quintal in 2,820 lots.

Analysts said subdued demand against adequate stocks position mainly led to fall in turmeric prices at futures trade.

They said reports of higher output this season further influenced the sentiment.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 18 2012 | 2:42 PM IST

Next Story