Turmeric futures rise 3.42 pc on spot demand

Turmeric futures extended gains to the new week, by rising 3.42 per cent to close at Rs 7,740 per quintal on speculative buying driven by uptick in domestic and export demand at the spot market.
Besides, restricted supplies from producing regions were supporting the turmeric prices at futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in the current month was trading higher by Rs 256, or 3.42 per cent, to close at Rs 7,740 per quintal, with an open interest of 7,145 lots.
Similarly, the contract for October was trading at Rs 7,740, up by 3.28 per cent, or Rs 246, in an open interest of 7,615 lots.

Analysts said participants created fresh positions following upsurge in domestic and export demand in spot market against restricted supplies from producing regions.