After yesterday's losses, turmeric traded 1.18 per cent higher at Rs 11,298 per quintal in futures trading today, supported by pick up in demand at the physical markets on festive and marriage season.
However, hopes of higher output this year on favourable monsoon rains in Andhra Pradesh, the country's major producer, capped gains.
At the National Commodity and Derivatives Exchange counter, turmeric for delivery in December traded higher by Rs 132, or 1.18 per cent, to Rs 11,298 per quintal, with an open interest of 1,075 lots.
The spice for delivery in current-month October contract edged up by 92, or 0.63 per cent, to Rs 14,764 per 100 kg, with an open interest of 11,530 lots.
Meanwhile, in Nizamabad, a key spot market in Andhra Pradesh, turmeric gained Rs 23 to Rs 14,595 per quintal.
Analysts said rising demand at spot markets on the back of ongoing festive and marriage season mainly led to a surge in turmeric futures prices here but expectations of higher production in 2010-11 and slack export demand, restricted gains.
