Turmeric prices traded higher by Rs 56 to Rs 4,670 per quintal in futures market today on emergence of buying by speculators on hopes of a rise in demand during the festival season.
At the National Commodity and Derivatives Exchange, November turmeric gained Rs 56, or 1.21%, to Rs 4,670 per quintal, with an open interest of 8,730 lots.
The October contract edged higher by Rs 44, or 0.94%, to Rs 4,704 per quintal, with an open interest of 9,560 lots.
Market experts said fresh buying by speculators on expectations of a rise in demand during the festival season, mainly led to the rise in turmeric prices at futures trade.
