Turmeric futures rise 1.38 pc on spot demand

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Press Trust of India New Delhi
Last Updated : Dec 18 2014 | 6:27 PM IST
Amid pick up in domestic as well as export demand, turmeric prices were higher by 1.38 per cent to Rs 8,072 per quintal in futures market today as speculators created fresh position.
At the National Commodity and Derivatives Exchange, turmeric for delivery in far-month April 2015 contracts rose by Rs 110, or 1.38 per cent to Rs 8,072 per quintal with an open interest of 22,830 lots.
Similarly, the spice for delivery in December contract traded higher by Rs 36, or 0.54 per cent to Rs 6,700 per quintal in 210 lots.
Analysts said fresh positions built-up by speculators on the back of pick up in domestic and export demand in the spot market against tight supplies from producing belts mainly led to the rise in turmeric prices in futures trade.

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First Published: Dec 18 2014 | 6:27 PM IST

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