Turmeric futures prices moved up by Rs 92 to Rs 4,790 per quintal today, as speculators created fresh positions, tracking a firming trend at spot market on pick up in demand.
However, Estimates of a bumper crop restricted the gain.
At the National Commodity and Derivatives Exchange, the May contract rose by Rs 92, or 1.96%, to Rs 4,790 per quintal, with an open interest of 8,085 lots.
The April contract gained Rs 74, or 1.58%, to Rs 4,760 per quintal in 16,220 lots.
Analysts attributed the rise in turmeric futures to fresh buying by speculators after pick-up in demand in the spot market.
