Turmeric Futures Trade Weak On Increased Arrivals 20th jan

Turmeric futures are trading weak on arrival sentiments as arrival started coming in small quantities in major mandies of Nizamabad and Erode. Production of the commodity this time is estimated to be on the higher side due to increased acreage of cultivation on account of good monsoon and better prices of the yield.

The contract for April delivery was trading at Rs 10170.00, up by 1.88% or Rs 188.00 from its previous closing of Rs 9982.00. The open interest of the contract stood at 6610 lots.

The contract for May delivery was trading at Rs 9620.00, up by1.65% or Rs 156.00 from its previous closing of Rs 9464.00.The open interest of the contract stood at 2150 lots on NCDEX.

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