 "Turmeric up 0.5% on rising demand")
Turmeric prices rose 0.52% to Rs 5,008 per quintal in futures trade today as speculators enlarged their position tracking a firm trend at spot market on rising demand in the spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in December gained Rs 26, or 0.52%, to Rs 5,008 per quintal with an open interest of 12,210 lots.
Similarly, turmeric for delivery in April traded higher by Rs 22, or 0.39%, to Rs 5,724 per quintal in 8,165 lots.
Analysts said fresh positions created by speculators position on the back of rising demand in the spot market mainly kept turmeric prices remain higher for the second day at futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in December gained Rs 26, or 0.52%, to Rs 5,008 per quintal with an open interest of 12,210 lots.
Similarly, turmeric for delivery in April traded higher by Rs 22, or 0.39%, to Rs 5,724 per quintal in 8,165 lots.
Analysts said fresh positions created by speculators position on the back of rising demand in the spot market mainly kept turmeric prices remain higher for the second day at futures trade.