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Turmeric up on export demand, rise over 2%

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Press Trust of India New Delhi

Turmeric prices moved up by Rs 2.10% to Rs 5,354 per quintal in futures market today, on buying by traders, driven by some overseas demand.

At the National Commodity and Derivatives Exchange, October turmeric rose by Rs 110, or 2.10%, to Rs 5,354 per quintal, with a trade volume of 5,390 lots.

The November contract gained Rs 100, or 1.87%, to Rs 5,444 per quintal, with an open interest of 10,480 lots.

Market analysts said some overseas as well as domestic demand, helped turmeric futures prices to rise.

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First Published: Oct 13 2011 | 2:24 PM IST

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