Turmeric prices rose marginally by Rs 6, or 0.04 per cent to Rs 14,640 per quintal in futures trading today as traders enlarged positions, buoyed by tight stocks in spot demand.
However, the revival of monsoon, which may boost sowing, capped gains.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July contract traded Rs 6, or 0.04 per cent higher, at Rs 14,640 per quintal, with an open interest of 9,200 lots.
The spice for delivery in August, however, held steady at Rs 14,450 per quintal with an open interest of 6,200 lots.
Analysts said tight stocks in the spot markets mainly influenced turmeric prices at futures trade but reviving monsoon which may boost sowing, restricted gains.