Turmeric up 2.4% on upsurge in demand

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Turmeric prices moved up by 2.46% to Rs 6,748 per quintal in futures trade today as speculators created fresh positions on upsurge in demand in the spot market.

At the National Commodity and Derivatives Exchange, turmeric for delivery in May rose by Rs 162, or 2.46%, to Rs 6,748 per quintal with an open interest of 3,230 lots.

Similarly, the spice for delivery in April gained Rs 130, or 1.99%, to Rs 6,650 per quintal in 12,950 lots.

Analysts said fresh positions created by participants following increased demand in the spot market mainly led to rise in turmeric prices at futures trade.

Source: Bussiness Standard

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