Buoyed by weak supplies in the spot market and overseas demand, turmeric continued its winning streak and its prices shot up by Rs 180, or 1.25 per cent, to Rs 14,540 per quintal in futures trade today.
At the National Commodity and Derivatives Exchange, turmeric for delivery in August contract traded Rs 180, or 1.25 per cent higher, at Rs 14,540 per quintal, with an open interest of 2,210 lots.
Similarly, the spice for delivery in July also rose Rs 128, or 0.89 per cent, at Rs 14,588 per quintal, with an open interest of 9,895 lots.
Analysts said persistent rise in turmeric prices at futures market was due to tight stocks in the spot market, weak arrivals from the producing belts and overseas demand.