Turmeric prices recovered by 2.76% to Rs 5,800 per quintal in futures trade today as speculators built up fresh positions at prevailing levels.
At the National Commodity and Derivatives Exchange, turmeric for delivery in September traded Rs 156, or 2.76%, higher at Rs 5,800 per quintal, with an open interest of 18,060 lots.
The October contract traded Rs 122, or 2.09%, higher at Rs 5,948 per quintal, with an open interest of 5,920 lots.
Marketmen said the rise in turmeric futures was due to fresh positions created by speculators as current levels turned attractive after recent losses.
However, subdued overseas enquires at prevailing levels restricted the gains, they said.
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