Turmeric futures traded lower on NCDEX on offloading of positions by speculators, driven by subdued demand in the spot market. However, weak availability of the spice against limited stocks position in the physical market restricted some losses in the commodity prices.
The contract for May delivery was trading at Rs 6520.00, down by 0.43% or Rs 28.00 from its previous closing of Rs 6548.00. The open interest of the contract stood at 7485.00 lots.
The contract for June delivery was trading at Rs 6650.00, down by 0.39% or Rs 26.00 from its previous closing of Rs 6676.00. The open interest of the contract stood at 8770.00 lots on NCDEX.
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