Turmeric futures traded higher on NCDEX on account of good upcountry demand at the spot market. Further, reports of shortfall in production in the key growing areas of Andhra Pradesh and Maharashtra also added support to turmeric prices’ uptrend.
The contract for April delivery was trading at Rs 9332.00, up by 0.47% or Rs 44.00 from its previous closing of Rs 9288.00. The open interest of the contract stood at 32920 lots.
The contract for May delivery was trading at Rs 9386.00, up by 0.47% or Rs 44.00 from its previous closing of Rs 9342.00. The open interest of the contract stood at 14080 lots on NCDEX.