Buoyed by firm demand and low stocks at the spot market, turmeric prices rose by Rs 106, or 0.75 per cent, to Rs 14,240 per 100 kg in the futures market today.
However, increase in area under spices, capped gains.
At the National Commodity and Derivatives Exchange counter, turmeric for September contracts rose by Rs 106, or 0.75 per cent, to Rs 14,240 per 100 kg, with an open interest of 2,505 lots.
The spice for delivery in August contracts traded Rs 22, or 0.15 per cent higher at Rs 14,414 per quintal, with an open interest of 7,965 lots.
Analysts attributed the rise in turmeric prices in futures trade to tight stocks position against strong buying activity at lower levels in the spot market.