Turmeric extends gains on pick up in demand

Reports of lower output this season supported the uptrend

Turmeric futures for April added Rs 28, or 0.44% to Rs 6,336 per quintal in 27,780 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the May contract went up by Rs 26, or 0.41% to Rs 6440 per quintal in 8,310 lots.

Prices gained as speculators enlarged positions, driven by a pick up in spot market demand.

Reports of lower output this season also supported the uptrend in turmeric.