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Turmeric futures edge 1.61% higher on bargain buying

Press Trust of India  |  New Delhi 

Turmeric prices rose 1.61 per cent to Rs 7,306 per in futures trading today due to bargain buying by retailers and stockists at current levels amid restricted supplies from growing regions.

Meanwhile, firm domestic spot as well as export demand also kept the prices in positive trend.

At the National Commodity and Derivatives Exchange, turmeric for delivery in July contract was trading higher by Rs 116, or 1.61 per cent, to Rs 7,306 per with an open interest of 15,145 lots.

The spice for delivery in the current month also increased by Rs 66, or 0.93 per cent, was trading at Rs 7,170 per quintal, in an open interest of 95 lots.

Analysts said bargain buying by participants at prevailing levels amid pick up in domestic as well as export demand at the spot market against restricted supplies from producing regions, pushed up turmeric prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 12:21 IST