The Most Active Apr’16 Turmeric Futures Closed Unchanged

The most active Apr’16 turmeric futures closed unchanged on subdued demand and good arrivals coupled with forecast of lower production and good exports data. There is concern over production due to heavy rains during Nor-Dec in south India. The Future contract for April delivery at NCDEX closed unchanged at Rs 9,868 per quintal. Heavy rains in south peninsula during November and early December may damage turmeric crop in Tamilnadu and some parts of Karnataka.

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