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Turmeric futures up on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:28 AM IST

Turmeric prices rose by Rs 70 to Rs 6,300 per quintal in futures trade today due to a pick-up in demand in the spot market.

At the National Commodity and Derivatives Exchange, turmeric for delivery in October moved up by Rs 70, or 1.12%, to Rs 6,300 per quintal, with an open interest for 2,595 lots.

In a similar fashion, the spice for delivery in September edged up by Rs 44, or 0.71%, to Rs 6,200 per quintal in 11,140 lots.

Market analysts said a pick-up in spot market demand mainly helped turmeric prices to rise in futures trade.

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First Published: Aug 22 2011 | 3:23 PM IST

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