Turmeric futures edged lower on NCDEX as the traders are waiting for upcountry demand which is expected in the first or second week of November. Moreover, arrival of medium as well as poor quality turmeric from the producing regions too fuelled the downtrend. The contract for November delivery was trading at Rs 7470.00, down by 0.35% or Rs 26.00 from its previous closing of Rs 7496.00. The open interest of the contract stood at 5270 lots.

The contract for December delivery was trading at Rs 7446.00, down by 0.29% or Rs 22.00 from its previous closing of Rs 7468.00. The open interest of the contract stood at 2995 lots on NCDEX.

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