Turmeric futures trade down on NCDEX

Turmeric futures traded down on NCDEX as speculators trimmed their bets tracking recovery of monsoon rains in turmeric growing areas. However, the expectation of rising in upcountry and export demand at the spot markets trimmed some losses.

The contract for August delivery was trading at Rs 6484.00, down by 0.34% or Rs 22.00 from its previous closing of Rs 6506.00. The open interest of the contract stood at 5645 lots.

The contract for September delivery was trading at Rs 6572.00, down by 0.36% or Rs 24.00 from its previous closing of Rs 6596.00. The open interest of the contract stood at 10515 lots on NCDEX.

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