Turmeric prices rose by 1.09 per cent to Rs 6,998 per quintal in futures trade today after participants built up fresh positions on the back of pick-up in domestic and exports demand and restricted supplies from growing regions.
However, some gains remain capped on reports of improved sowing turmeric growing areas of Tamil Nadu, Karnataka and Maharashtra.
At the National Commodity and Derivatives Exchange, turmeric for delivery in October was trading higher by Rs 76, or 1.09 per cent, to Rs 6,998 per quintal with an open interest of 5,820 lots.
The spice for September also increased by Rs 74, or 1.07 per cent, to Rs 6,942 per quintal in an open interest of 14,015 lots.
Analysts said, fresh positions created by participants following the upsurge in domestic as well as exports demand at the spot market against restricted supplies from producing belts pushed up turmeric futures.
Disclaimer: No Business Standard Journalist was involved in creation of this content
