Turmeric futures traded lower on NCDEX as speculators indulged in reducing exposures due to subdued demand against adequate supplies from producing belts. Moreover, adequate stocks position in the physical market and slack upcountry orders also weighed on the prices.
The contract for June delivery was trading at Rs 6248.00, down by 1.05% or Rs 66.00 from its previous closing of Rs 6314.00. The open interest of the contract stood at 13365.00 lots.
The contract for July delivery was trading at Rs 6400.00, down by 1.11% or Rs 72.00 from its previous closing of Rs 6472.00. The open interest of the contract stood at 2685.00 lots on NCDEX.
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