Turmeric Futures Traded On Negative Note On Profit Booking

Turmeric futures traded on negative note 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 1.22% down to settle at Rs 7,154 per quintal. Increasing production expectations in coming harvesting season may put cap on turmeric prices at higher levels. Moreover, lowering export demand in recent months is pressurizing prices.

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