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Turmeric futures rise 1.10% on firm demand

Press Trust of India  |  New Delhi 

Turmeric prices rose by 1.10 per cent to Rs 7,142 per 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 78, or 1.10 per cent, to Rs 7,142 per with an open interest of 17,615 lots.

The spice for delivery in the current month also increased by Rs 70, or 1 per cent, to Rs 7,070 per in an open interest of 2,505 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.

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

First Published: Tue, July 10 2018. 12:35 IST