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Turmeric futures up on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:12 AM IST

Turmeric prices moved up by Rs 38 to Rs 5,244 per quintal in futures trade today due to rise in demand in the spot market.

However, expectations of a better crop due to favourable weather conditions in producing region restricted the gain.

At the National Commodity and Derivatives Exchange, November turmeric moved up by Rs 38, or 0.73% to Rs 5,244 per quintal with an open interest of 3,855 lots.

The September contract edged up by Rs 18, or 0.36% to Rs 5,088 per quintal in 9,790 lots.

Analysts said pick up in demand in the spot market mainly led to rise in turmeric prices at futures trade here.

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First Published: Sep 14 2011 | 2:31 PM IST

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