 "Turmeric futures rise 2.80% on pick up in demand")
Turmeric futures prices rose 2.80% to Rs 5,288 per quintal in futures market today as speculators built-up positions, tracking a firm trend at spot market on pick up in export and local demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in December rose Rs 144, or 2.80%, to Rs 5,288 per quintal with an open interest of 15.455 lots.
Similarly, the spice for delivery in November gained Rs 98, or 1.96%, to Rs 5,090 per quintal in 315 lots.
Analysts attributed the rise in turmeric futures to speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand, mainly led to rise in turmeric prices at futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in December rose Rs 144, or 2.80%, to Rs 5,288 per quintal with an open interest of 15.455 lots.
Similarly, the spice for delivery in November gained Rs 98, or 1.96%, to Rs 5,090 per quintal in 315 lots.
Analysts attributed the rise in turmeric futures to speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand, mainly led to rise in turmeric prices at futures trade.