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Turmeric future trade lower on adequate stocks

09 Jan 2015 Evaluate

Turmeric future traded down on NCDEX as speculators booked profits at prevailing higher levels, driven by a weak trend at spot market on sluggish demand. Further, adequate stocks availability in the physical market also put pressure on turmeric prices.

The contract for April delivery was trading at Rs 8846.00, down by 0.74% or Rs 66.00 from its previous closing of Rs 8912.00. The open interest of the contract stood at 28580.00 lots.

The contract for May delivery was trading at Rs 8900.00, down by 0.98% or Rs 88.00 from its previous closing of Rs 8988.00. The open interest of the contract stood at 6145.00 lots on NCDEX.