Turmeric prices were traded higher by 1.65 per cent to Rs 6,740 per quintal in futures trade today as participants built up fresh positions, mainly driven by uptick in domestic and export demand at the spot market.
Besides, limited arrivals from major producing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May traded higher by Rs 110, or 1.65 per cent, to Rs 6,740 per quintal with an open interest of 810 lots.
Similarly, the spice for delivery in April contract increased by Rs 104, or 1.58 per cent, to Rs 6,660 per quintal, in an open interest of 7,870 lots.
Analysts said fresh positions created by participants following jump in domestic as well as export demand at the spot market against restricted supplies from producing regions mainly pushed up turmeric prices in futures trade.
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