Turmeric futures prices rose by Rs 67 or 0.47 per cent to Rs 14,187 per quintal, as speculators covered up their short positions, driven by squeezed supply in the market.
Exports demand was also responsible for the rise in turmeric prices at futures market here.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July contract traded Rs 67, or 0.47 per cent higher at Rs 14,187 per quintal, with an open interest of 4,230 lots.
Similarly, the spice for delivery in June also traded higher by Rs 9 or 0.06 per cent at Rs 14,515 per quintal, with an open interest of 9,240.
Analysts said the rise in turmeric prices at futures market was due to low stocks in the market on tight supply, as farmers held back their produce on hopes of rise in higher prices.
Besides, firming trend at spot market also gave push to rising turmeric prices.
