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Turmeric slips 1.87% on sluggish exports

Higher stocks also affected the trade

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Press Trust of India New Delhi

Turmeric futures for April fell by Rs 124, or 1.87%, to Rs 6,514 per quintal in 29,940 lots.

At the National Commodity and Derivatives Exchange, the May contract lost Rs 114, or 1.69%, to Rs 6,644 per quintal in 7,230 lots.

Higher stocks and weak spot, exports demand affected the trade.

However, reports of lower area under cultivation limited the gains.

At Nizamabad, turmeric fell by Rs 32.50 to Rs 5,699 per 100 kg in yesterday's trade.

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First Published: Jan 10 2013 | 11:21 AM IST

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