Turmeric futures traded lower on NCDEX after speculators reduced their exposures amid higher supply against low demand in the spot market against adequate stock positions. Moreover, subdued demand from retailers and stockists also weighed on the commodity prices.
The contract for May delivery was trading at Rs 6450.00, down by 1.83% or Rs 120.00 from its previous closing of Rs 6570.00. The open interest of the contract stood at 395.00 lots.
The contract for June delivery was trading at Rs 6688.00, down by 2.25% or Rs 154.00 from its previous closing of Rs 6842.00. The open interest of the contract stood at 11785.00 lots on NCDEX.
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