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Turmeric futures prices rose 2.80% to Rs 5,288 per quintal in futures market today as speculators built-up positions, tracking a firm trend at spot market on pick up in export and local demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in December rose Rs 144, or 2.80%, to Rs 5,288 per quintal with an open interest of 15.455 lots.
Similarly, the spice for delivery in November gained Rs 98, or 1.96%, to Rs 5,090 per quintal in 315 lots.
Analysts attributed the rise in turmeric futures to speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand, mainly led to rise in turmeric prices at futures trade.
