 "Turmeric up 1.4% on tight supply, better demand")
Turmeric prices rose by Rs 76 to Rs 5,240 per quintal in futures market today as speculators created enlarged positions, driven by a rise in demand in the spot market against tight supplies from producing region.
At the National Commodity and Derivatives Exchange, turmeric for delivery in October rose by Rs 76, or 1.47% to Rs 5,240 per quintal in an open interest of 8,900 lots.
Similarly, turmeric for delivery in September rose by Rs 60, or 1.18% to Rs 5,154 per quintal in 17,060 lots.
Market analysts said speculators enlarged positions on rising demand in the spot market, against restricted arrivals from producing regions, mainly led the upsurge in turmeric prices at futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in October rose by Rs 76, or 1.47% to Rs 5,240 per quintal in an open interest of 8,900 lots.
Similarly, turmeric for delivery in September rose by Rs 60, or 1.18% to Rs 5,154 per quintal in 17,060 lots.
Market analysts said speculators enlarged positions on rising demand in the spot market, against restricted arrivals from producing regions, mainly led the upsurge in turmeric prices at futures trade.