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Turmeric prices rose by 0.90 per cent to Rs 7,326 per quintal in futures trade today after participants built up fresh positions on the back of pick up in domestic and export demand.
Restricted supplies from growing regions also fuelled the upward movement.
At the National Commodity and Derivatives Exchange, turmeric for delivery in August was trading higher by Rs 66, or 0.90 per cent, to Rs 7,326 per quintal with an open interest of 14,310 lots.
The spice for delivery in September contract also increased by Rs 64, or 0.88 per cent, to Rs 7,320 per quintal in an open interest of 9,225 lots.
Analysts said, fresh positions created by participants following the upsurge in domestic as well as export demand at the spot market against restricted supplies from producing belts pushed up turmeric futures.
Disclaimer: No Business Standard Journalist was involved in creation of this content
