Turmeric up 0.6% on export demand

Spice for delivery in May traded higher by 0.57%

Turmeric prices rose 0.62% to Rs 7,190 per quintal in futures market today as speculators enlarged positions on pick-up in export demand in the spot market.

At the National Commodity and Derivatives Exchange, turmeric for delivery in June rose by Rs 44, or 0.62%, to Rs 7,190 per quintal with an open interest of 5,140 lots.

Similarly, the spice for delivery in May traded higher by Rs 40, or 0.57%, to Rs 7,044 per quintal in 9,815 lots.

Analysts attributed the rise in turmeric futures to pick-up in export demand in the spot markets against restricted supply from producing regions.