Turmeric futures today shot up by 1.45% to Rs 4,348 per quintal, mostly supported by a pick-up in spot demand.
However, expectations a bumper crop, capped the gains.
At the National Commodity and Derivatives Exchange, the April turmeric gained Rs 62, or 1.45%, to Rs 4,358 per quintal, with an open interest of 19,200 lots.
The May delivery edged up by Rs 50, or 1.15%, to Rs 4,390 per quintal, with an open interest of 15,480 lots.
Market analysts attributed the rise in turmeric futures to pick-up in demand in the spot market, increased supplies amid expectations of a bumper crop, restricted the gains.
