Turmeric futures end over 2% higher on uptick in demand

Turmeric futures ended 2.08 per cent higher at Rs 8,440 per quintal in futures market today after participants built-up positions, supported by pick up in demand at the spot market.
In futures trading at the National Commodity and Derivatives Exchange, turmeric for delivery in November rose Rs 172 or 2.08 per cent to settle at Rs 8,440 per quintal with an open interest of 19,355 lots.
Likewise, the spice for delivery in December moved up by Rs 172 or 2.02 per cent to close at Rs 8,700 per quintal in 4,090 lots.
Market analysts attributed the rise in turmeric prices at futures trade to rising demand in the spot market amid tight supplies from producing belts.