Turmeric futures traded lower on NCDEX as speculators indulged in reducing exposures due to subdued demand against adequate supplies from producing belts. Further, arrival of poor quality Turmeric as well as sluggish North Indian demand also weighed on the yellow spice's prices.
The contract for June delivery was trading at Rs 6100.00, down by 1.42% or Rs 88.00 from its previous closing of Rs 6188.00. The open interest of the contract stood at 13405.00 lots.
The contract for July delivery was trading at Rs 6250.00, down by 1.51% or Rs 96.00 from its previous closing of Rs 6346.00. The open interest of the contract stood at 2705.00 lots on NCDEX.
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