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Turmeric futures slip 0.55% on low demand

Press Trust of India  |  New Delhi 

Turmeric prices drifted lower by 0.55 per cent to Rs 6,452 per in futures Thursday on account of easing demand from retailers and industrial buyers at the spot

Further, ample stocks position following higher supplies from the producing belts too fuelled the downtrend.

At the National Commodity and Derivatives Exchange, turmeric for delivery in far-month April-2019 contract declined Rs 36, or 0.55 per cent, to Rs 6,452 per with an open interest of 12,260 lots.

Similarly, the spice for delivery in December lost Rs 8, or 0.0.12 per cent, to Rs 6,396 per in 9,880 lots.

analysts said offloading of positions by traders, triggered by fall in demand at the domestic against adequate stock position on increased supplies kept pressure on turmeric prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 29 2018. 13:00 IST