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Turmeric futures rise 1.80 pc on spot demand

Press Trust of India  |  New Delhi 

Turmeric prices rose Rs 132 or 1.80 per cent to close at Rs 7,456 per quintal in futures trade today on uptick in domestic and export demand.

At the National Commodity and Derivatives Exchange, turmeric for delivery in November month traded higher by Rs 132, or 1.80 per cent, to close at Rs 7,456 per quintal with an open interest of 6,670 lots.

The spice for delivery in current month increased by Rs 124, or 1.66 per cent, to finish at Rs 7,592 per quintal, in an open interest of 2,195 lots.

Analysts said fresh positions created by participants following upsurge in domestic as well as export demand in 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: Wed, October 11 2017. 18:57 IST