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Turmeric futures up 1.16% on firm spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:04 AM IST

Turmeric futures prices rose Rs 172, or 1.16 per cent, to Rs 14,944 per quintal today, tracking a firm trend at spot markets.

Besides, overseas enquiries also influenced the turmeric futures prices.

At the National Commodity and Derivatives Exchange counter, the commodity for delivery in August contract climbed Rs 172, or 1.16 per cent, to Rs 14,944 per 100 kg, with an open interest of 8,210 lots.

The spice for delivery in September contract also rose by Rs 86, or 0.59 per cent, to Rs 14,580 per 100 kg, with an open interest of 1,175 lots.

Meanwhile, in Nizamabad spot market, turmeric gained by Rs 77 at Rs 15,595 per 100 kg in yesterday's trade.

Analysts attributed the rise in turmeric prices in futures trade to strong spot demand and overseas enquiries besides tight stocks position in the market.

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First Published: Jul 21 2010 | 3:00 PM IST

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