TURMERIC FUTURES EXHIBIT MIXED TREND ON NCDEX
DATE: 18/04/2012
Turmeric futures were trading mixed on NCDEX. The commodity for the near term delivery prolonged its southbound journey as speculators continued to cash out profits on the back of higher arrivals from the fresh crop amid ample supply of Turmeric in spot markets. According to a trade source, turmeric production in Andhra Pradesh is likely to rise 36 percent to near 83000 tonnes in 2012 due to an expansion in acreage.
The contract for April delivery was trading at Rs 3,430.00, down by 0.69% or Rs 24.00 from its previous closing of Rs 3,454.00. The open interest of the contract stood at 7530 lots.
The contract for May delivery was trading at Rs 3,562.00, up by 0.11% or Rs 4.00 from its previous closing of Rs 3,558.00. The open interest of the contract stood at 29125 lots on NCDEX.
The contract for April delivery was trading at Rs 3,430.00, down by 0.69% or Rs 24.00 from its previous closing of Rs 3,454.00. The open interest of the contract stood at 7530 lots.
The contract for May delivery was trading at Rs 3,562.00, up by 0.11% or Rs 4.00 from its previous closing of Rs 3,558.00. The open interest of the contract stood at 29125 lots on NCDEX.
POWERED BY: COMMODITY INSIGHTS
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