Turmeric futures trade higher on pickup in demand

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Turmeric futures traded higher on NCDEX as participants built-up long positions, backed by pickup in demand at the spot market. Though, some gains were capped on anticipation of good sowing at the producing regions in next season on forecast of good rains.

The contract for May delivery was trading at Rs 8560.00, up by 0.14% or Rs 12.00 from its previous closing of Rs 8548.00.The open interest of the contract stood at 4920 lots.

The contract for June delivery was trading at Rs 8172.00, up by 0.29% or Rs 24.00 from its previous closing of Rs 8148.00. The open interest of the contract stood at 25545 lots on NCDEX.

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