Agri Business

Turmeric futures down

PTI New Delhi | Updated on January 28, 2011

TURMERIC. File photo - P.V.SIVAKUMAR   -  Businessline

Continuing its slide, turmeric futures prices fell by another Rs 64 to Rs 9,774 a quintal on Friday, as traders reduced their positions due to increased supplies of fresh crop in the spot market.

Slackened overseas demand on hopes of further dip in the spice prices also weighed on the prices at futures trade here, traders said.

At the National Commodity and Derivatives Exchange, turmeric for delivery in April fell by Rs 64, or 0.65 per cent, to Rs 9,774 a quintal, with an open interest of 6,370 lots.

Similarly, the spice for delivery in June lost Rs 22, or 0.24 per cent, to Rs 9,280 a quintal in 920 lots. Traders said weak exports demand and adequate stocks following fresh crop’s arrival in the spot markets mainly put pressure on the turmeric prices at futures trade here.

Published on January 28, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like