Turmeric prices spurted by Rs 350, or 4 per cent, to hit upper limit at Rs 9,106 per quintal in futures trade today as speculators built-up positions amid rising exports demand in the spot market.
Besides, fall in supplies from producing belts in the physical market, supported the upside.
At the National Commodity and Derivatives Exchange, turmeric for delivery in far-month May jumped by Rs 350, or 4 per cent, to Rs 9,106 per quintal with an open interest of 4,785 lots.
Similarly, the spice for delivery in April shot up by Rs 344, or 3.98 per cent to Rs 8,990 per quintal in 26,575 lots.
Analysts said speculators created huge positions, triggered by rising export demand in the spot market amid decline in supplies from producing belts mainly pushed up turmeric prices at futures trade.
