Turmeric futures prices rose by Rs 98, or 0.67 per cent, to Rs 14,782 per 100 kg today, as traders enlarged their positions, driven by pick up in spot demand amid tight stocks.
However, hopes that farmers may increase the area of cultivation of spice in the ongoing season, capped gains.
At the National Commodity and Derivatives Exchange, turmeric for August contract delivery traded Rs 98, or 0.67 per cent higher, at Rs 14,782 per 100 kg, with an open interest of 8,130 lots.
Similarly, turmeric for September delivery moved up by Rs 80, or 0.56 per cent, to Rs 14,480 per 100 kg, with an open volume of 890 lots.
Analysts said firming demand in spot markets helped in raising turmeric prices in futures trade, hopes that farmers may increase the area of cultivation of turmeric in the ongoing season, limited gains.
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