NEW DELHI, May 11: Turmeric prices were up by 1.20 per cent to Rs 7,550 per quintal in futures trading today as
Participants built up fresh positions, mainly driven by uptick in domestic and export demand.
Besides, restricted supplies from producing regions also supported the turmeric prices up move.
At the National Commodity and Derivatives Exchange, turmeric for delivery in June was trading higher by Rs 90, or 1.20 per cent, to Rs 7,550 per quintal with an open interest of 17,770 lots.
The spice for delivery in the current month contract also increased by Rs 86, or 1.16 per cent, was trading at Rs 7,450 per quintal, in an open interest of 705 lots.
Analysts said fresh positions created by participants following upsurge in domestic as well as export demand at the spot market against restricted supplies from producing regions, mainly pushed up turmeric prices at futures trade. (PTI)
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