Jeera futures | Turmeric futures trade | News Ripples Advisory

Jeera futures trade higher on rise in demand

Jeera futures traded higher on NCDEX with widening of portfolios by market participants tracking the rise in physical and export demand. However, higher availability of crop this season, trimmed some gains.

The contract for June delivery was trading at Rs 17550.00, up by 0.23% or Rs 40.00 from its previous closing of Rs 17510.00. The open interest of the contract stood at 6474 lots.

The contract for July delivery was trading at Rs 17665.00, gain by 0.06% or Rs 10.00 from its previous closing of Rs 17655.00. The open interest of the contract stood at 1254 lots on NCDEX.

Turmeric futures trade lower on weak demand

Turmeric futures traded lower on NCDEX as speculators reduced exposure on the back of weak demand from domestic buyers. Besides, hopes of good monsoon this year, which would lead to higher output fuelled downside momentum.

The contract for June delivery was trading at Rs 7166.00, down by 0.53% or Rs 38.00 from its previous closing of Rs 7204.00. The open interest of the contract stood at 13330 lots.

The contract for July delivery was trading at Rs 7262.00, down by 0.44% or Rs 32.00 from its previous closing of Rs 7294.00. The open interest of the contract stood at 6795 lots on NCDEX.

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