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Turmeric rises 1% on uptick in demand

Press Trust of India  |  New Delhi 

Turmeric prices were up by one per cent to Rs 7,140 per in futures trading today as participants built up fresh positions, driven by uptick in domestic and export demand.

Besides, restricted supplies from producing regions also supported the upward movement of turmeric prices.

At the National Commodity and Derivatives Exchange, turmeric for delivery in the current month contract was trading higher by Rs 70, or 1 per cent, to Rs 7,140 per with an open interest of 1,155 lots.

The spice for delivery in July contract also increased by Rs 56, or 0.78 per cent, was trading at Rs 7,226 per quintal, in an open interest of 15,070 lots.

Analysts said, fresh positions created by participants following upsurge in domestic as well as export demand at the spot market against restricted supplies from producing regions pushed up turmeric prices in futures trade.

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

First Published: Mon, June 11 2018. 13:40 IST