The Most Active Apr’16 Turmeric Futures Closed Higher On Friday

The most active Apr’16 turmeric futures closed higher on Friday on anticipation of lower production and good exports. There is concern over production due to heavy rains in south India. The Future contract for April delivery at NCDEX closed higher by 1% at Rs 10,318 per quintal. Persistent rains in south peninsula since last two weeks may damage turmeric crop in Tamilnadu and some parts of Karnataka.

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