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Turmeric futures rise 0.80% pc on firm demand

Press Trust of India  |  New Delhi 

Turmeric prices rose by 0.80 per cent to Rs 7,092 per in futures trade today as speculators widened bets tracking improvement in physical demand.

Besides, fall in supplies from growing regions also fuelled the up-trend.

At the National Commodity and Derivatives Exchange, turmeric for delivery in this month was trading higher by Rs 56, or 0.80 per cent, to Rs 7,092 per quintal, with an open interest of 105 lots.

The spice for delivery in July also increased by Rs 46, or 0.64 per cent, was trading at Rs 7,180 per quintal, in an open interest of 15,450 lots.

Analysts said, fresh positions created by participants following upsurge in domestic as well as exports demand at the spot market against restricted supplies from producing regions, mainly pushed up turmeric prices at futures trade.

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

First Published: Tue, June 12 2018. 13:30 IST
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