Supported by surging domestic as well as exports demand in the spot market and restricted supplies from producing belts, turmeric prices were up by 2.75 per cent to Rs 6,790 per quintal in futures trade today as traders built up fresh positions.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May month jumped up by Rs 182, or 2.75 per cent to Rs 6,790 per quintal with an open interest of 1,220 lots.
In a similar fashion, the spice for delivery in April contracts traded higher by Rs 170, or 2.57 per cent to Rs 6,796 per quintal in 1,220 lots.
Analysts said fresh positions created by participants following upsurge in domestic as well as exports demand in the spot market against restricted supplies from producing regions mainly pushed up turmeric prices at futures trade.
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