Commodities

Turmeric loses colour

PTI New Delhi | Updated on April 04, 2011

Analysts said emergence of profit booking by speculators amid adequate stocks in the spot market on increased supplies from the new crop, mainly weighed on turmeric prices. -- PHOTO K.K. Mustafah   -  Business Line

Turmeric futures prices fell by 1.34 per cent to Rs 9,262 a quintal after speculators locked in gains amid rising supplies from the new season crop in the spot markets.

At the National Commodity and Derivatives Exchange, turmeric for delivery in May lost Rs 126 or 1.34 per cent to Rs 9,262 a quintal, with a business volume of 6,480 lots.

Similarly, the spice for delivery in April also shed Rs 92 or 0.92 per cent to Rs 9,954 a quintal, with an open interest of 6,925 lots.

It had ended 1.72 per cent higher at Rs 10,046 a quintal in the previous session on short-covering.

Analysts said emergence of profit booking by speculators amid adequate stocks in the spot market on increased supplies from the new crop, mainly weighed on prices.

Published on April 04, 2011

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