DAILY BUZZ
TURMERIC
- Turmeric prices dropped by 1.70 per cent to Rs 6,256 per quintal in futures trading today as speculators trimmed positions, tracking a weak trend at spot market on sluggish demand in spot market.
- Higher arrivals in the physical markets from producing regions also put pressure on turmeric prices.
- At the National Commodity and Derivatives Exchange, turmeric for delivery in April declined by Rs 108, or 1.70 per cent to Rs 6,256 per quintal with an open interest of 8720 lots. Similarly, the spice for delivery in May contract traded lower by Rs 104, or 1.63 per cent to Rs 6288 per quintal in 9580 lots.
CARDAMOM
- Supported by rising spot demand, cardamom prices rose by 1.04 per cent to Rs 880 per kg in futures trading today as speculators created fresh positions.
- At the Multi Commodity Exchange, cardamom for delivery in April moved up by Rs 9.10, or 1.04 per cent to Rs 880 per kg in business turnover of 169 lots.
- Similarly, the spice for delivery in May edged higher by Rs 3.30, or 0.37 per cent to Rs 906 per kg in 189 lots.
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