Turmeric prices rose sharply by 1.81 per cent to Rs 6,526 per quintal in futures trade Friday as participants raised their positions, driven by pick-up in demand at the spot market.
At the National Commodity and Derivatives Exchange, turmeric for April next year moved up by Rs 188, or 2.91 per cent, to Rs 6,650 per quintal with an open interest of 10,460 lots.
The spice for December also advanced by Rs 116, or 1.81 per cent, to Rs 6,526 per quintal with an open interest of 13,085 lots.
Marketmen said speculative positions created by participants, driven by strong domestic as well as exports demand in the spot market, mainly attributed the rise in turmeric prices.
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