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Turmeric futures rise 1.33% on firm spot cues

Press Trust of India  |  New Delhi 

Turmeric prices surged Rs 100 to Rs 7,634 per in futures trade today after participants raised bets, taking positive cues from the physical market on better export demand.

At the National Commodity and Derivative Exchange, turmeric for delivery in May contracts rallied Rs 100, or 1.33 per cent, to Rs 7,634 per quintal, with an open interest of 335 lots.

The April month contract also rose Rs 64, or 0.85 per cent, to Rs 7,594 per with the business turnover of 10,025 open lots.

Marketmen said expanding of positions by traders in sync with a firm trend at the spot market on strong export demand amid restricted supplies led to the rise in prices.

is the largest nearly 80-85 per cent of world's total production.

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

First Published: Thu, January 11 2018. 13:00 IST