Turmeric prices rose by Rs 44 to Rs 3,902 per quintal in futures trade today as speculators created fresh positions, tracking firming spot market trend.
Tight stocks positions after farmers held back stocks on hopes of better prices also influenced turmeric prices.
At the NCDEX, the June delivery rose by Rs 44, or 1.14%, to Rs 3,902 per quintal with an open interest of 21,130 lots.
The May contract gained Rs 30, or 0.81%, to Rs 3,716 per quintal in 23,635 lots.
Analysts attributed the rise in turmeric futures prices to pick-up in demand in the spot market amid slow down in arrivals from producing regions.
