Turmeric futures rise 1.52% on export demand

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NEW DELHI: Turmeric prices rose 1.52 per cent to Rs 4,954 per quintal in futures market today as speculators enlarged positions on the back of export demand.

At the National Commodity and Derivatives Exchange, turmeric for delivery in December rose by Rs 74, or 1.52 per cent, to Rs 4,954 per quintal with open interest of 7,935 lots.

Likewise, the spice for delivery in November went up by Rs 56, or 1.17 per cent, to Rs 4,848 per quintal in 14,690 lots.

Market analysts said speculators enlarged their positions on the back of export demand mainly pushed up turmeric prices at futures trade.

Source: India Times

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