The Turmeric futures extended last trading sessions loss today on short selling tracking the weakness in the physical market. The favorable weather in the major growing area added weak cues in the Turmeric futures price. The NCDEX Turmeric futures benchmark October contract drifted lower to the low of Rs 4693 from the opening high of Rs 4750 per quintal. The counter lost nearly Rs 46 per quintal at the sessions low. The counter currently hovering near the sessions low at Rs 4700, technically the price drifted lower below the long term EMA. The open interest in the contract increased 0.92% which stood at 26070 lots as against 25830 lots as on yesterday, indicating short selling.
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