Turmeric up 1.18% on lower output estimates

Mounting stocks capped the gains

Turmeric futures for May spurted by  Rs 80, or 1.18% to Rs 6,864 per quintal in 6,565 lots at the National Commodity and Derivatives exchange.

The April contract traded higher by Rs 46, or 0.68% to Rs 6,766 per quintal in 2,900 lots.

Strong spot markets demand, estimates of a lower output pulled up the price.

However, mounting stocks and weak exports limited the gains.