Turmeric prices moved up by Rs 48 to Rs 9,340 per quintal in futures trade today as speculators created fresh positions on pick-up in spot market demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May gained Rs 48, or 0.52%, to Rs 9,340 per quintal, with an open interest of 5,145 lots.
Likewise, the spice for delivery in April edged up by Rs 22, or 0.22%, to Rs 9,810 per quintal, with a business turnover of 7,780 lots.
Analysts attributed the rise in turmeric futures prices to a rise in demand in the spot market.
However, rising supplies from the new season crop restricted the gains, they added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app