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Uptick in spot demand lifts turmeric futures 0.66 pc

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Press Trust of India New Delhi
Last Updated : Mar 22 2017 | 2:07 PM IST
Turmeric prices were trading up by 0.66 per cent to Rs 6,436 per quintal in futures market today as traders built up fresh positions, driven by pick-up in demand in the spot market.
Besides, some exports enquiries supported the up move.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April rose by Rs 42, or 0.66 per cent, to Rs 6,436 per quintal with an open interest of 11,700 lots.
Similarly, the spice for delivery in May gained Rs 30, or 0.46 per cent, to Rs 6,512 per quintal in 7,390 lots.
Marketmen said, fresh positions created by participants due to upsurge in demand in the spot market against restricted supplies from producing regions, mainly led to the rise in turmeric prices at futures trade.

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First Published: Mar 22 2017 | 2:07 PM IST

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