Turmeric prices rose 1.26 per cent to Rs 7,364 per quintal in futures trading today as participants built up fresh positions, driven by uptick in domestic and export demand.
Restricted supplies from producing regions also supported the prices.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July was trading higher by Rs 92, or 1.26 per cent, to Rs 7,364 per quintal with an open interest of 13,760 lots.
The spice for delivery in far-month August contract also climbed by Rs 86, or 1.16 per cent, at Rs 7,440 per quintal, in an open interest of 6,990 lots.
Analysts said fresh positions created by participants following upsurge in domestic as well as export demand at the spot market against restricted supplies from producing regions mainly pushed up turmeric prices at futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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