Friday 16 May 2014

Turmeric futures gain on rising export demand

Turmeric futures gained on NCDEX as speculators created fresh positions amid rising export demand in the spot market. Further, buying by retailers and stockists due to paucity of stocks on restricted arrivals from producing belts, also supported the commodity prices on upside.
The contract for May delivery was trading at Rs 6604.00, up by 0.46% or Rs 30.00 from its previous closing of Rs 6574.00. The open interest of the contract stood at 395.00 lots.
The contract for June delivery was trading at Rs 6860.00, up by 1.09% or Rs 74.00 from its previous closing of Rs 6786.00. The open interest of the contract stood at 11365.00 lots on NCDEX.

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