 "Turmeric up 0.5% on export demand")
Turmeric prices rose by Rs 34 to Rs 6,026 per quintal in futures trade today as speculators created fresh positions, driven by a rise in export demand in the spot market against decline in supplies.
However, good progress of sowing due to sufficient rainfall in producing ares capped the gains.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July rose by Rs 34, or 0.57% to Rs 6,026 per quintal with an open interest of 18,460 lots.
Market analysts said speculators created fresh positions on the back of export demand in the spot market amid decline in supplies from producing region helped turmeric prices to trade higher at futures trade.
However, good progress of sowing due to sufficient rainfall in producing ares capped the gains.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July rose by Rs 34, or 0.57% to Rs 6,026 per quintal with an open interest of 18,460 lots.
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Similarly, turmeric for delivery in August edged up by Rs 26, or 0.43% to Rs 6,106 per quintal in 16,685 lots.
Market analysts said speculators created fresh positions on the back of export demand in the spot market amid decline in supplies from producing region helped turmeric prices to trade higher at futures trade.