Turmeric futures down 2.81 pc on sluggish demand

Image
Press Trust of India New Delhi
Last Updated : Aug 11 2014 | 5:05 PM IST
Turmeric prices were down by 2.81 per cent to Rs 6,650 per quintal in futures trade today as speculators reduced positions, tracking a weak trend at spot market on sluggish demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in September plunged Rs 192, or 2.81 per cent to Rs 6,650 per quintal with an open interest of 15,510 lots.
Similarly, the spice for delivery in August contract lost Rs 172, or 2.61 per cent to Rs 6410 per quintal in 1260 lots.
Market analysts said offloading of positions by speculators, taking weak cues fromt spot market on subdued demand, mainly pulled down turmeric prices at futures trade.
*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 11 2014 | 5:05 PM IST

Next Story