Turmeric futures maintain upward march on rising demand
At the National Commodity and Derivatives Exchange, turmeric for delivery in April added Rs 140, or 2.08 per cent.
By PTI |
NEW DELHI: Turmeric maintained its upward march with prices rising further by 2.08 per cent to Rs 6,856 per quintal in futures trading today on firm domestic as well as export demand.
Reports of lower output this season further fuelled the uptrend.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April added Rs 140, or 2.08 per cent, to Rs 6,856 per quintal with an open interest of 1,125 lots.
Likewise, the spice for delivery in the May contract gained Rs 124, or 1.80 per cent, to Rs 7,010 per quintal in 27,735 lots.
Market analysts attributed the rise in turmeric futures to rising domestic as well as export demand amid lower output estimates this season.
Reports of lower output this season further fuelled the uptrend.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April added Rs 140, or 2.08 per cent, to Rs 6,856 per quintal with an open interest of 1,125 lots.
Likewise, the spice for delivery in the May contract gained Rs 124, or 1.80 per cent, to Rs 7,010 per quintal in 27,735 lots.
Market analysts attributed the rise in turmeric futures to rising domestic as well as export demand amid lower output estimates this season.
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