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Turmeric futures fall on subdued demand, weak exports

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 7:32 PM IST

Turmeric futures prices fell by Rs 136 to Rs 9,968 per quintal today as speculators booked profits, amid fall in demand at high levels and weak exports.

At the National Commodity and Derivatives Exchange counter, turmeric for delivery in April fell by Rs 136, or 1.35 per cent, to Rs 9,968 per quintal, with an open interest of 6,085 lots.

Likewise, the spice for delivery in May lost Rs 114, or 1.18 per cent, to Rs 9,556 per quintal, with an open interest of 1,980 lots.

Analysts said a fall in demand at higher levels and weak exports after recent rally mainly weighed on turmeric futures prices.

Besides, estimates of higher production also put pressure on prices, they said.

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First Published: Jan 12 2011 | 1:36 PM IST

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