Turmeric futures surged on NCDEX due to good upcountry demand and active buying support from stockiest in the spot market in order to meet their future requirement. Further, incidence of diseases found in patches of turmeric fields in the Salem district and in nearby districts of Tamil Nadu along with a yield reduction of 40 to 60 per cent too supported turmeric prices’ uptrend.
The contract for November delivery was trading at Rs 9762.00, up by 0.68% or Rs 66.00 from its previous closing of Rs 9696.00. The open interest of the contract stood at 800.00 lots.
The contract for December delivery was trading at Rs 9962.00, up by 1.08% or Rs 106.00 from its previous closing of Rs 9856.00. The open interest of the contract stood at 25115.00 lots on NCDEX.