Turmeric futures trade lower on easing demand

03-Apr-2020 11:30 Hrs IST

Turmeric futures traded lower on NCDEX as traders cut their bets on the back of easing demand for the standing crop from domestic spot market. Moreover, expectation of higher crop also added pressure on turmeric price.The contract for April delivery was trading at Rs 5752.00, lower by 0.45% or Rs 26.00 from its previous closing of Rs 5778.00. The open interest of the contract stood at 3335 lots.The contract for May delivery was trading at Rs 5758.00, lower by 0.55% or Rs 32.00 from its previous closing of Rs 5790.00. The open interest of the contract stood at 1985 lots on NCDEX.

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