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Turmeric extends gains, up 1.8% on rising demand

Expectations of lower output supported the uptrend

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Press Trust of India New Delhi
Last Updated : Jan 31 2013 | 2:56 PM IST

Turmeric futures for May gained Rs 112, or 1.76% to Rs 6,472 per quintal in 7,425 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the April contract moved up by Rs 104, or 1.66% to Rs 6,364 per quintal in 27,175 lots.

Expectations of lower output also supported the uptrend.

Speculators remaining bet buyers on rising spot market demand also helped the gains.

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First Published: Jan 31 2013 | 2:56 PM IST

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