Turmeric up more than 1% on thin supply
Reports of lower output this season supported uptrend
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Turmeric futures for April gained Rs 82, or 1.20% to Rs 6,900 per quintal in 1,010 lots.
At the National Commodity and Derivatives Exchange (NCDEX), the May contract gained Rs 74, or 1.06% to Rs 7076 per quintal in 27,335 lots.
Prices rose as participants created speculative positions triggered by thin supplies from producing regions.
Reports of lower output this season further supported the uptrend.
Farmers holding back stocks on expectations of rise in prices in coming months amid strong demand supported the trade.
At the National Commodity and Derivatives Exchange (NCDEX), the May contract gained Rs 74, or 1.06% to Rs 7076 per quintal in 27,335 lots.
Prices rose as participants created speculative positions triggered by thin supplies from producing regions.
Reports of lower output this season further supported the uptrend.
Farmers holding back stocks on expectations of rise in prices in coming months amid strong demand supported the trade.
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First Published: Apr 10 2013 | 3:11 PM IST