Rising demand lifts turmeric futures by 1.65 pc

Turmeric prices were up by 1.65 per cent to Rs 7,270 per quintal in futures trade today as participants enlarged positions, driven by a pick up in demand at the spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in November rose by Rs 118, or 1.65 per cent to Rs 7,270 per quintal with an open interest of 9,910 lots.
Similarly, the spice for delivery in October moved up by Rs 26, or 0.36 per cent to Rs 7,200 per quintal in 80 lots.
Analysts said fresh positions created by traders due to pick-up in demand in the spot market against restricted supplies from producing regions mainly pushed up the turmeric prices at futures trade.