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Turmeric futures rise 2.29% on spot demand

Press Trust of India  |  New Delhi 

Turmeric prices soared 2.29 per cent to Rs 7,248 per in futures trade Thursday as participants built up fresh positions on the back of pick-up in domestic and export demand.

On the National Commodity and Derivatives Exchange, turmeric for delivery in July rose by Rs 161, or 2.29 per cent, to Rs 7,248 per with an open interest of 5,130 lots.

Turmeric for delivery in August surged by Rs 238, or 3.3 per cent, to Rs 7,452 per in an open interest of 2,485 lots.

Marketmen said fresh positions created by participants, following upsurge in domestic as well as export demand, led to the increase in turmeric prices at futures trade here.

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

First Published: Thu, May 16 2019. 15:36 IST