 "Turmeric up 1.45% on higher demand")
Turmeric prices rose by 1.45 per cent to Rs 6,582 per quintal today as speculators created fresh positions amid rising export demand in the spot market.
A decline in supplies from producing regions also supported the uptrend.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May rose by Rs 94, or 1.45 per cent, to Rs 6,582 per quintal with an open interest of 415 lots.
Analysts said fresh positions built up by speculators, driven by rise in exports demand in the spot market, mainly influenced turmeric prices at futures trade.
A decline in supplies from producing regions also supported the uptrend.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May rose by Rs 94, or 1.45 per cent, to Rs 6,582 per quintal with an open interest of 415 lots.
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Similarly, the spice for delivery in June gained Rs 78, or 1.16 per cent, to Rs 6,782 per quintal in 12,315 lots.
Analysts said fresh positions built up by speculators, driven by rise in exports demand in the spot market, mainly influenced turmeric prices at futures trade.
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