Turmeric futures edge higher on increasing demand

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Turmeric futures edged higher on NCDEX on increasing demand from traders and stockists at the spot market. Though, some gains were capped on reports of forecast of good rains in turmeric growing area in south India.

The contract for June delivery was trading at Rs 8022.00, up by 0.20% or Rs 16.00 from its previous closing of Rs 8006.00.The open interest of the contract stood at 23980 lots.

The contract for July delivery was trading at Rs 8062.00, up by 0.42% or Rs 34.00 from its previous closing of Rs 8028.00. The open interest of the contract stood at 10445 lots on NCDEX.

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