The Turmeric futures extended the last week gain during the current week on improved demand from the domestic buyers. However, some profit taking noted in the today's trading session and the futures contract slumped slightly from the previous session high. The NCDEX Turmeric futures ended the last week with profit of 4.31% at Rs 3677 per 100 kg and spurted further during the week on strong demand. The December futures contract surged to Rs 3824 per 100 as on yesterday, up nearly 4% over the last week.
Traders liquidated the long position on weekend trading session. The contract slumped nearly 2.03% to the session low of Rs 3726 per 100 kg during the today's opening trading session and the open interest dropped 1.01% to 20,570 lots from 20,750 lots as on yesterday, indicating profit taking.
The Turmeric prices in the Nizamabad mandi rallied nearly 3.50% during the week over the last week to Rs 3834.70 per 100 kg as on yesterday.
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