Turmeric gains over 2% on strong demand
Speculators build fresh position as limited supplies from producing belts support uptrend
 "Turmeric gains over 2% on strong demand")
Turmeric prices were up by 2.04 per cent to Rs 7,810 per quintal in futures trading today as speculators built fresh position, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April month jumped up by Rs 156, or 2.04 per cent to Rs 7,810 per quintal with an open interest of 12025 lots.
The May contract gained Rs 156, or 2.01 per cent to Rs 7920 per quintal in 14,325 lots.
Market analysts said the rise in turmeric prices at futures trade was mostly attributed to rising demand in the spot market amid restricted supplies from producing belts.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April month jumped up by Rs 156, or 2.04 per cent to Rs 7,810 per quintal with an open interest of 12025 lots.
The May contract gained Rs 156, or 2.01 per cent to Rs 7920 per quintal in 14,325 lots.
Market analysts said the rise in turmeric prices at futures trade was mostly attributed to rising demand in the spot market amid restricted supplies from producing belts.