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Turmeric succumbs to profit booking in futures trade

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Press Trust of India New Delhi

Turmeric futures prices fell by 0.83 per cent to Rs 10,790 per quintal today, as speculators booked profits amid sluggish demand in the spot market.

At the National Commodity and Derivatives Exchange counter, turmeric for delivery in April contract fell by Rs 90, or 0.83 per cent to Rs 10,790 per quintal, with an open interest of 6,000 lots.

Likewise, the spice for delivery in May contract lost Rs 68, or 0.67 per cent to Rs 10,042 per quintal, clocked a trade volume of 1,825 lots.

Traders said emergence of profit-booking at prevailing levels by speculators, led to a fall in turmeric futures prices.

 

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First Published: Dec 28 2010 | 4:00 PM IST

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