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Turmeric down 1.4% on profit-booking

Decline in spot demand, improved rains influence prices

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 4:04 AM IST

Amid continued profit-booking by speculators after recent gains and decline in spot demand, turmeric futures prices today fell by another 1.43% to Rs 6,068 per quintal.

At the National Commodity and Derivatives Exchange, turmeric for delivery in October traded Rs 88, or 1.43%, lower at Rs 6,068 per quintal, with an open interest of 5,705 lots.

September turmeric shed Rs 84, or 1.41%, to Rs 5,880 per quintal in 19,435 lots.

Marketmen said increased profit-booking by speculators after recent gains and fall in demand in the spot market at prevailing levels kept pressure on turmeric prices at futures market.

Improved rains in growing areas influenced the prices, they said.

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First Published: Aug 10 2012 | 2:10 PM IST

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