Turmeric Futures Closed Lower

Turmeric futures closed lower for second consecutive days on profit booking after prices rose during last week due to fresh upcountry demand as festival season approaching. Turmeric Nov’16 delivery contract on NCDEX closed 0.03% down to settle at Rs 7,152 per quintal. Expectations of increasing production in coming harvesting season are putting pressure on turmeric prices at higher levels. Moreover, lowering export demand in recent months is also pressurizing prices.

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