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Turmeric rises more than 1% on spot demand

Prices rose as speculators created fresh positions

Press Trust of India New Delhi
Turmeric futures for June rose by Rs 72, or 1.11% to Rs 6540 per quintal in 14,650 lots.     

At the National Commodity and Derivatives Exchange (NCDEX), the May contract gained Rs 46, or 0.72% to Rs 6,434 per quintal in 18,370 lots.

Prices rose as speculators created fresh positions due to rise in spot market demand amid estimates of lower output this season.

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First Published: Apr 26 2013 | 3:01 PM IST

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