Turmeric futures prices rose Rs 96, or 1.21 per cent, to Rs 14,506 per quintal today, as traders enlarged their positions, driven by spot demand and overseas enquiries.
At the National Commodity and Derivatives Exchange counter, the commodity for delivery in September contract rose by Rs 174, or 1.21 per cent, to Rs 14,506 per 100 kg, with an open interest of 595 lots.
The spice for delivery in July contract also rose by Rs 96, or 0.63 per cent, to Rs 15,326 per 100 kg, with an open interest of 8,160 lots, while delivery in August contract gained Rs 92, or 0.63 per cent, to Rs 14,658 per 100 kg, with an open interest of 7,600 lots.
Meanwhile, in Nizamabad spot market, turmeric gained by Rs 83 at Rs 15,130 per 100 kg.
Analysts attributed the rise in turmeric prices in futures trade to tight stocks position against strong spot demand and overseas enquiries.
