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Turmeric futures marginally up by 0.61% on pick up in demand

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Press Trust of India New Delhi
Last Updated : Feb 16 2016 | 12:13 PM IST
Turmeric futures traded 0.61 per cent higher at Rs 8,634 per quintal today as participants built up fresh positions, driven by pick-up in demand in the spot market against tight stocks position.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April month rose Rs 52 or 0.61 per cent to Rs 8,634 per quintal with an open interest of 23,500 lots.
Similarly, the spice for delivery in May contracts traded higher by Rs 46 or 0.53 per cent to Rs 8,736 per quintal in 7,430 lots.
Market analysts said fresh positions built up by traders on the back of pick up in demand in the spot market against tight stocks on restricted supplies from producing belts mainly led to the rise in turmeric prices at futures trade.

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First Published: Feb 16 2016 | 12:13 PM IST

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