The Most Active Apr’16 Turmeric Futures Closed Little Higher

The most active Apr’16 turmeric futures closed little higher on arrival of quality turmeric and good demand from the local stockists on forecast of lower production. There is concern over production due to heavy rains during Nov-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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