Turmeric futures traded lower on NCDEX as short sellers increased their positions triggered by inflow of the crop. Besides, fall in demand at prevailing levels in the spot market against expectation of increase in supply in coming days also dampened the trading sentiments.
The contract for May delivery was trading at Rs 6942.00, down by 0.52% or Rs 36.00 from its previous closing of Rs 6978.00. The open interest of the contract stood at 10145.00 lots.
The contract for June delivery was trading at Rs 7064.00, down by 0.25% or Rs 18.00 from its previous closing of Rs 7082.00. The open interest of the contract stood at 3920.00 lots on NCDEX.
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