Monday 3 November 2014

Turmeric futures trade lower on subdued demand

Turmeric futures traded lower on NCDEX as speculators indulged in reducing exposures due to subdued demand from the consuming industries. Moreover, adequate supplies from producing belts also impacted the sentiments.
The contract for November delivery was trading at Rs 6170.00, down by 0.68% or Rs 42.00 from its previous closing of Rs 6212.00. The open interest of the contract stood at 7565.00 lots.
The contract for December delivery was trading at Rs 6236.00, down by 0.13% or Rs 8.00 from its previous closing of Rs 6244.00. The open interest of the contract stood at 6110.00 lots on NCDEX.

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