Turmeric futures surged on NCDEX on account of concerns over production due to erratic rainfall during monsoon. Turmeric futures improved further as farmers shifting to other remunerative crops like cotton & sunflower and rising demand from exporters for hybrid yellow spice.
The contract for November delivery was trading at Rs 9324.00, up by 2.06% or Rs 188.00 from its previous closing of Rs 9136.00. The open interest of the contract stood at 7310.00 lots.
The contract for December delivery was trading at Rs 9558.00, up by 1.85% or Rs 174.00 from its previous closing of Rs 9384.00. The open interest of the contract stood at 19095.00 lots on NCDEX.