Turmeric futures end 1.29% higher on rising demand

Turmeric prices strengthened by 1.29 per cent to close at Rs 8,160 per quintal in futures trade today after participants widened positions, largely driven by pick up in domestic demand.
Further, some export enquiries supported the upside in turmeric prices.
At the National Commodity and Derivatives Exchange, turmeric for delivery in October surged Rs 104, or 1.29 per cent, to Rs 8,160 per quintal, with an open interest of 300 lots.
Similarly, the spice for delivery in November traded higher by Rs 30, or 0.36 per cent, to close at Rs 8,272 per quintal in 20,170 lots.
Market analysts said apart from a pick up in demand at the spot market on account of festive season and export enquiries led to rise in turmeric prices at the futures trade.