Turmeric prices were trading up by 1.69 per cent to Rs 5,550 per quintal in futures trade today as participants built up fresh positions, triggered by uptick in domestic as well export demand in the spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July was trading higher by Rs 92, or 1.69 per cent, to Rs 5,550 per quintal, with an open interest of 14,405 lots.
Similarly, the spice for delivery in current month increased by Rs 70, or 1.29 per cent, to Rs 5,510 per quintal in 4,120 lots.
Analysts said, fresh positions created by traders following upsurge in domestic as well as export demand in the spot market against restricted supplies from producing regions mainly pushed up turmeric prices at futures trade.
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