Spot demand lifts turmeric futures by 0.93 pc

Image
Press Trust of India New Delhi
Last Updated : Jun 15 2016 | 6:22 PM IST
Turmeric prices were up by 0.93 per cent to Rs 8,050 per quintal in futures trading today as participants built up fresh positions after demand picked up in the spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July rose by Rs 74, or 0.93 per cent to Rs 8,050 per quintal with an open interest of 22,475 lots.
Likewise, the spice for delivery in June moved up by Rs 68, or 0.86 per cent to Rs 7,950 per quintal in 1,420 lots.
Analysts said traders created fresh positions after uptick in demand in the spot market against tight stocks positions on restricted supplies from producing regions which mainly led to rise in turmeric prices at futures trade.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 15 2016 | 6:22 PM IST

Next Story