Turmeric futures trade lower on rising export demand

Turmeric futures traded lower on NCDEX as speculators created fresh positions amid rising export demand in the spot market. Furthermore, adequate supplies from major producing areas against subdued demand in the spot market too influenced the prices. The contract for June delivery was trading at Rs 6070.00, up by 0.83% or Rs 50.00 from its previous closing of Rs 6020.00. The open interest of the contract stood at 12930.00 lots. The contract for July delivery was trading at Rs 6190.00, up by 0.52% or Rs 32.00 from its previous closing of Rs 6158.00. The open interest of the contract stood at 3850.00 lots on NCDEX.