)
Turmeric prices recovered by 1.77% to Rs 5,402 per quintal in futures trading today as speculators created fresh positions, driven by an improvement in spot market demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July rose by Rs 94, or 1.77% to Rs 5,402 per quintal with an open interest of 28,220 lots.
Similarly, turmeric for delivery in June traded higher by Rs 86, or 1.63% to Rs 5,374 per quintal in 2,815 lots.
Market analysts said speculators created fresh positions after pick up in demand in the spot market led to rise in turmeric prices at futures trade.
