Don’t miss the latest developments in business and finance.

Turmeric futures up 1.12% as demand picks up

Image
Press Trust of India New Delhi
Last Updated : Jan 13 2016 | 1:22 PM IST
Turmeric prices rose by 1.12 per cent to Rs 9,934 per quintal in futures market today after participants built-up positions, supported by pick up in demand at the spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April rose by Rs 110, or 1.12 per cent to Rs 9,934 per quintal with an open interest of 22,755 lots.
Likewise, the spice for delivery in May moved up by Rs 104, or 1.04 per cent to Rs 10,090 per quintal in 4,685 lots.
Marketmen said widening of positions by speculators driven by rising demand in the spot market amid tight supplies from producing belts mainly led to the rise in turmeric prices at the futures trade.

Also Read

First Published: Jan 13 2016 | 1:22 PM IST

Next Story