Turmeric futures extend losses on muted demand

Image
Press Trust of India New Delhi
Last Updated : Aug 30 2016 | 6:07 PM IST
Turmeric prices fell further by 1.11 per cent to terminate at Rs 7,294 per quintal in futures trade today as traders engaged in reducing their positions, tracking a weak trend at spot market on fall in demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in far-month October fell by Rs 82, or 1.11 per cent to close at Rs 7,294 per quintal with an open interest of 11,855 lots.
Likewise, the spice for delivery in September contracts shed Rs 16, or 0.22 per cent, to end at Rs 7,380 per quintal in 19,365 lots.
Analysts said trimming of positions by participants, driven by easing domestic and export demand at the spot market against adequate stocks position, mainly kept turmeric prices lower 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 30 2016 | 6:07 PM IST

Next Story