Turmeric futures trade lower on weak demand

Turmeric futures traded lower on NCDEX due to higher sowing in the key growing areas of Telangana coupled with forecast of rains in Telangana and Maharashtra. Further, lack of demand at the local markets as the farmers are not bringing quality produce dampened sentiment.

The contract for July delivery was trading at Rs 6112.00, lower by 0.33% or Rs 20.00 from its previous closing of Rs 6132.00. The open interest of the contract stood at 12180 lots.

The contract for August delivery was trading at Rs 6630.00, lower by 0.51% or Rs 34.00 from its previous closing of Rs 6664.00. The open interest of the contract stood at 9755 lots on NCDEX.

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