Turmeric down 0.66% on weak overseas demand

MTECHTIPS

Turmeric down 0.66% on weak overseas demand

Turmeric prices softened by Rs 34 to Rs 5,104 per quintal in futures trade today as speculators trimmed positions, triggered by weak overseas demand.
Adequate stocks positions in the physical market put pressure on turmeric.
At the National Commodity and Derivatives Exchange, turmeric for delivery in November declined by Rs 34, or 0.66%, to Rs 5,104 per quintal, with an open interest of 12,505 lots.
December turmeric lost Rs 22, or 0.43%, to Rs 5,038 per quintal, with an open interest of 10,945 lots.

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