Friday, 25 April 2014

Turmeric futures extend gains on strong export demand

Turmeric futures extended their gains on NCDEX on the account of strong export demand in local mandis against limited stock positions in the market. Besides, improved exports inquiries and a slight drop in supply at major spot markets of the country also impacted the trading sentiments.
The contract for May delivery was trading at Rs 7052.00, up by 2.08% or Rs 144.00 from its previous closing of Rs 6908.00. The open interest of the contract stood at 10065.00 lots.
The contract for June delivery was trading at Rs 7186.00, up by 2.02% or Rs 142.00 from its previous closing of Rs 7044.00. The open interest of the contract stood at 4415.00 lots on NCDEX.

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