Turmeric futures prices today rose by Rs 98 as speculators enlarged their positions, tracking a firming spot market trend on pick up in demand amid restricted arrivals from producing belts.
At the National Commodity and Derivatives Exchange, turmeric for delivery in June month rose by Rs 98, or 2.90%, to Rs 3,472 per quintal, with an open interest of 4,845 lots.
The July contract moved up by Rs 66, or 1.87%, to Rs 3,588 per quintal in 36,250 lots.
Analysts attributed to rise in turmeric futures to pick- up in demand in the spot market amid restricted arrivals from producing regions.
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