Turmeric prices rose by Rs 37 or 0.25 per cent to Rs 14,555 per quintal in the futures market today, as traders enlarged their positions on tight stocks but reviving monsoon-capped gains.
At the National Commodity and Derivatives Exchange, turmeric for Septmber contract delivery rose by Rs 37 or 0.25 per cent to Rs 14,555 per quintal, with an open interest of 560 lots.
Similarly, turmeric for July delivery edged up by Rs 28, or 0.19 per cent to Rs 15,012 per quintal in 9,180 lots. It ended 0.90 per cent higher at Rs 14,984 per quintal in the previous session.
The spice for delivery in August contract gained Rs 15 or 0.02 per cent at Rs 14,707 per quintal in an open interest of 6,600 lots.
Analysts said that while increased speculative positions helped raise turmeric prices in futures trade, reviving monsoon rains in producing regions, expected to boost production output, subdued demand in spot markets, thereby, restricting the gains.