Supported by covering-up of pending short positions and some export and domestic demand, turmeric rose by 1.25 per cent in futures trade today.
At the National Commodity and Derivatives Exchange, turmeric prices for April delivery rose Rs 126, or 1.25 per cent, to Rs 10,180 per quintal, with an open interest of 5,940 lots.
It had lost 4.25 per cent in the recent bearish phase.
The spice for delivery in May also went up by Rs 72, or 0.74 per cent, to Rs 9,830 per quintal, with an open interest of 3,870 lots.
Meanwhile, turmeric in spot trading at Nizamabad, Andhra Pradesh, was up by Rs 14 to Rs 11,464 per quintal in yesterday's trade.
Analysts attributed the rise in turmeric futures prices to covering up of pending short positions, driven by fresh export inquiries.
