Turmeric futures traded higher on NCDEX as participants built up fresh positions, driven by uptick in domestic as well export demand in the spot market. Further, restricted supplies from producing regions also added support to turmeric prices’ uptrend.
The contract for December delivery was trading at Rs 7276, up by 0.55% or Rs 40 from its previous closing of Rs 7236. The open interest of the contract stood at 7780 lots.
The contract for April delivery was trading at Rs 6946, up by 0.26% or Rs 18 from its previous closing of Rs 6928. The open interest of the contract stood at 6345 lots on NCDEX.