Turmeric futures down 0.73 pc on low demand

Image
Press Trust of India New Delhi
Last Updated : Aug 02 2017 | 7:13 PM IST
Turmeric prices fell down by 0.73 per cent to Rs 7,636 per quintal in futures market today as speculators trimmed positions, due to muted demand in the spot market against ample stocks.
At the National Commodity and Derivatives Exchange, turmeric for delivery in September fell Rs 56, or 0.73 per cent, to close at Rs 7,636 per quintal with an open interest of 8,555 lots.
Similarly, the spice for delivery in current month declined by Rs 44, or 0.58 per cent, to end at Rs 7,550 per quintal in 9,265 lots.
Market analysts said, offloading of positions by traders on the back of easing demand in the physical markets against adequate stock position on increased supplies from producing regions, mainly weighed on turmeric prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Aug 02 2017 | 7:13 PM IST

Next Story