Turmeric prices moved up by Rs 134 to Rs 5,800 per quintal in futures trading today as speculators created fresh positions, supported by a rise in demand in the spot market.
Weak overseas enquires and improved rains in key producing regions limited the gains.
At the National Commodity and Derivatives Exchange, turmeric for delivery in October moved up by Rs 134, or 2.36%, to Rs 5,800 per quintal, with an open interest of 18,395 lots.
September turmeric gained Rs 50, or 0.84%, to Rs 6,000 per quintal, with an open interest of 10,130 lots.
Marketmen said fresh positions created by speculators on the back of a rise in spot market demand led to the rise in turmeric prices at futures trade.