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Turmeric weakens on subdued demand

Prices down 2.2% from previous close

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 1:49 AM IST

Turmeric prices fell by Rs 84 to Rs 3,700 per quintal in futures market today on speculators selling driven by sluggish demand in spot markets.

At the National Commodity and Derivatives Exchange, turmeric for delivery in June declined by Rs 84, or 2.22%, to Rs 3,700 per quintal, with an open interest of 640 lots.

The June contract shed Rs 26, or 0.67%, to Rs 3,866 per quintal, with an open interest of 38,700 lots.

Analysts said subdued demand at prevailing higher levels in the spot market mainly pulled down turmeric prices at futures trade.

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First Published: Jun 18 2012 | 2:15 PM IST

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