Turmeric futures rise on firm demand

NEW DELHI, May 31: Turmeric prices rose 0.97 per cent to Rs 7,240 per quintal in futures trade today after participants built up fresh positions on the back of pick-up in domestic and export demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July was trading higher by Rs 70, or 0.97 per cent, to Rs 7,240 per quintal with an open interest of 10,010 lots.
The spice for delivery in June also increased by Rs 68 or 0.95 per cent at Rs 7,166 per quintal, in an open interest of 10,575 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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