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Turmeric up 0.49% in futures trade on spot demand

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Press Trust of India New Delhi
Last Updated : May 21 2015 | 5:22 PM IST
Amid pick-up in domestic demand and restricted supply from producing belts, turmeric prices rose by 0.49 per cent to Rs 8,126 per quintal in futures trade as specultors created fresh position.
At the National Commodity and Derivatives Exchange, turmeric for delivery in June month edged higher by Rs 40, or 0.49 per cent to Rs 8,126 per quintal with an open interest of 34,635 lots.
Similarly, the spice for delivery in July contracts moved up by Rs 36, or 0.44 per cent to Rs 8,264 per quintal in 5,695 lots.
Market analysts said the rise in turmeric prices at futures trade was mostly due to pick-up in demand in the spot market against restricted supplies from producing belts.

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First Published: May 21 2015 | 5:22 PM IST

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