Amid fall in supplies from producing regions and pick up in domestic demand, turmeric prices rose by 1.30 per cent to Rs 7,000 per quintal in futures trade today as speculators created fresh position.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July month rose by Rs 90, or 1.30 per cent to Rs 7,000 per quintal with an open interest of 19,360 lots.
Similarly, the spice for delivery in August contracts gained Rs 86, or 1.23 per cent to Rs 7,054 per quintal in 15,465 lots.
Market analysts said besides, fall in supplies from producing belts, pick up in demand in the spot market led to rise in turmeric prices at futures trade.
