Uptick in demand lifts turmeric futures by 2.41%

Turmeric futures climbed 2.41 per cent to Rs 9,600 per quintal in futures trade today as traders enlarged their positions, driven by pick up in demand in the spot market against tight supplies from producing belts.
At the National Commodity and Derivatives Exchange, turmeric for delivery in November jumped by Rs 226, or 2.41 per cent to Rs 9,600 per quintal with an open interest of 1,190 lots.
On similar lines, the spice for delivery in December traded higher by Rs 208, or 2.17 per cent to Rs 9,780 per quintal in 23,855 lots.
Analysts attributed the sharp rise in turmeric futures to upsurge in demand in the spot market against restricted supplies from producing belts.