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As on: Sep 17, 2019 05:48 PM
Turmeric Sees Mixed Movement After Recent Recovery
13-Jun-19   14:37 Hrs IST
NCDEX Turmeric futures saw a mixed movement today. Traders were reluctant to push up the futures given the approaching monsoon rainfall in key producing regions though bargain buying capped major losses. The benchmark NCDEX Turmeric futures for July fell near a six week low of Rs 6500 per quintal earlier this week before edging higher. Export demand is expected to hold steady and the commodity should hold up in near term given the massive decline in prices after the benchmark futures soared to a contract high of Rs 7444 per quintal in third week of May. The counter currently trades at Rs 6732, down half a percent on the day. The intraday range was Rs 6820-Rs 6710 per quintal and a modest increase has been noted in the open interest.

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