Turmeric extends gains, up 1.8% on rising demand

Expectations of lower output supported the uptrend

Turmeric futures for May gained Rs 112, or 1.76% to Rs 6,472 per quintal in 7,425 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the April contract moved up by Rs 104, or 1.66% to Rs 6,364 per quintal in 27,175 lots.

Expectations of lower output also supported the uptrend.

Speculators remaining bet buyers on rising spot market demand also helped the gains.