Turmeric prices rose sharply by 1.81 per cent to Rs 6,526 per quintal in futures trade Friday as participants raised their positions, driven by pick-up in demand at the spot market.
At the National Commodity and Derivatives Exchange, turmeric for April next year moved up by Rs 188, or 2.91 per cent, to Rs 6,650 per quintal with an open interest of 10,460 lots.
The spice for December also advanced by Rs 116, or 1.81 per cent, to Rs 6,526 per quintal with an open interest of 13,085 lots.
Marketmen said speculative positions created by participants, driven by strong domestic as well as exports demand in the spot market, mainly attributed the rise in turmeric prices.
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