Turmeric prices rose by Rs 284, or 2.01 per cent, to Rs 14,390 per quintal in futures trading today on tight supply in the spot market against increased demand.
At the National Commodity and Derivatives Exchange counter, turmeric for August-month rose by Rs 284, or 2.01 per cent, to Rs 14,390 per quintal, with an open interest of 4,915 lots.
Similarly, the spice for delivery in October gained by Rs 14, or 0.11 per cent, to Rs 13,062 per quintal, with a business turnover of 720 lots.
Analysts said restricted arrivals in the spot market, against increased demand mainly led to a rise in turmeric prices at futures trade.
