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Turmeric futures rise 1.92% on firm demand

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Press Trust of India New Delhi

Turmeric prices rose by 1.92 per cent to Rs 6,784 per quintal in futures trade Friday after participants built up fresh positions on the back of pick up in domestic and exports demand.

Besides, restricted supplies from growing regions also fuelled the upward movement.

At the National Commodity and Derivatives Exchange, turmeric for delivery in October was trading higher by Rs 128, or 1.92 per cent, to Rs 6,784 per quintal with an open interest of 11,390 lots.

The spice for delivery in the current month contract also increased by Rs 120, or 1.87 per cent, to Rs 6,530 per quintal in an open interest of 65 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 regions pushed up turmeric futures.

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First Published: Sep 14 2018 | 12:20 PM IST

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