Turmeric up on lower output estimates

Rising demnd also influenced the price

Turmeric prices rose further by over 1% in futures trade today as speculators engaged in enlarging their positions.

Besides, rising demand at spot markets and lower output estimates also contributed to the turmeric price rise.

At the National Commodity and Derivatives Exchange, the April contract shot up by another Rs 72, or 1.09% to Rs 6,656 per quintal in an open interst of 23,625 lots.

On similar lines, the May contract traded higher by Rs 58, or 0.87% to Rs 6,696 per quintal in 5,845 lots.