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Turmeric Futures Edge Lower On NCDEX - Commodity Market Tips

Turmeric futures edged lower on NCDEX on account of easing demand from retailers and stockists at the spot market. Further, ample stocks position following higher supply from the producing belts too fuelled the downtrend. The contract for October delivery was trading at Rs 7574.00, down by 0.32% or Rs 24.00 from its previous closing of Rs 7598.00. The open interest of the contract stood at 10160 lots.

The contract for November delivery was trading at Rs 7636.00, down by 0.05% or Rs 4.00 from its previous closing of Rs 7640.00. The open interest of the contract stood at 1360 lots on NCDEX.

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