 "Turmeric up 1.2% on upsurge in spot demand")
Turmeric prices rose 1.22% to Rs 4,830 per quintal in futures market today after speculators enlarged positions, triggered by an upsurge in spot demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in November month contracts gained Rs 58, or 1.22% to Rs 4,830 per quintal with an open interest of 15,605 lots.
Similarly, the spice for delivery in December edged up by Rs 44, or 0.90% to Rs 4,926 per quintal in 7,480 lots.
Market analysts said speculative positions created by participants driven by rising spot demand, led to the rise in turmeric prices at futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in November month contracts gained Rs 58, or 1.22% to Rs 4,830 per quintal with an open interest of 15,605 lots.
Similarly, the spice for delivery in December edged up by Rs 44, or 0.90% to Rs 4,926 per quintal in 7,480 lots.
Market analysts said speculative positions created by participants driven by rising spot demand, led to the rise in turmeric prices at futures trade.