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Turmeric up by 4% in futures

Spot markets at the major domestic mandis remained closed on the occasion of Gudi padwa and Ugadi the New year celebrations on Tuesday.

Domestic mandis in Erode and Nizamabad are witnessing improved arrivals of around 20000 and 12000 bags in Erode and Nizamabad mandis respectively.

Demand from the local stockists has improved in anticipation of further rise in the prices in the coming days.

Turmeric futures continued their upward move since the beginning of the session and ended the day on the upper freeze for the day on Tuesday.

Spread between the Apr and May contract is at 25.

Courtesy: Angel Commodities

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MCX NICKEL MINI 29 February 2012 contract was trading at Rs 1002.3 , down Rs. -4.8 . What's your view on it?
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