Turmeric prices rose by 0.54 per cent to Rs 7,358 per quintal in futures trade today due to widening of positions by speculators amid halt in supplies from the growing regions.
Besides, rising demand at the physical markets also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July traded higher by Rs 40, or 0.54 per cent, to Rs 7,358 per quintal with an open interest of 12,075 lots.
The spice for delivery in far-month August climbed by Rs 38, or 0.51 per cent, to Rs 7,430 per quintal, in an open interest of 9,075 lots.
Analysts said, widening of position created by participants following upsurge in domestic as well as export demand at the spot markets against restricted supplies from producing regions, mainly pushed up turmeric prices at futures trade here.
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