Turmeric rises on lower output estimates

Increased demand in spot market triggered the uptrend

Turmeric futures rose by Rs 40 to Rs 6,842 per quintal today.

At the National Commodity and Derivatives Exchange, the May contract rose by Rs 40, or 0.59% to Rs 6,842 per quintal in 6,535 lots.

The April contract moved up by Rs 34, or 0.51% to Rs 6,730 per quintal in 27,775 lots.

Analysts said speculators enlarged their positions and pick-up in spot market demand led to rise in turmeric futures prices.