Turmeric prices rose by Rs 30, or 0.21 per cent, to Rs 14,522 per quintal in futures trade today, supported by pick up in demand at lower levels in spot markets and poor supplies.
At the National Commodity and Derivatives Exchange, turmeric for delivery in August contract traded Rs 30, or 0.21 per cent higher, at Rs 14,522 per quintal, with an open interest of 2,070 lots.
Similarly, the spice for delivery in July also rose Rs 22, or 0.15 per cent, at Rs 14,664 per quintal, with an open interest of 9,780 lots, while the September contract gained Rs 8, or 0.06 per cent, at Rs 14,436 per quintal, with an open interest of 180 lots.
Analysts attributed the rise in turmeric prices at futures market to emergence of buying at lower levels at the spot market and poor arrivals from the producing belts.