Turmeric futures up on fresh buying support
Turmeric prices moved up by Rs 256 to Rs 8,960 per quintal in futures trading today on fresh buying by traders following pick-up in spot market demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May moved up by Rs 256, or 2.94% to Rs 8,960 per quintal, with an open interest of 12,715 lots.
Likewise, the spices for delivery in April gained Rs 188, or 1.99% to Rs 9,630 per quintal, with an open interest of 2,745 lots.
Traders attributed the rise in turmeric futures prices to fresh buying by speculators on pick-up in spot market demand.