Turmeric futures extend gain by 3.22% on uptick in demand

Turmeric prices rose further by 3.22 per cent to close at Rs 6,210 per quintal in futures trade today on account of upsurge in demand in the spot market.
Besides, restricted supplies from producing regions also added support to turmeric prices uptrend.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July contract was trading higher by Rs 194, or 3.22 per cent, to close at Rs 6,210 per quintal, with an open interest of 14,590 lots.
Similarly, the spice for delivery in August month increased by Rs 180, or 2.96 per cent, to end at Rs 6,270 per quintal in 2,125 lots.

Analysts said, fresh positions created by traders following upsurge in domestic as well as export demand in the spot market against restricted supplies from producing regions mainly pushed up turmeric prices at futures trade.