Turmeric futures rise 1.05 per cent on export demand

NEW DELHI: Turmeric prices surged over 1 per cent to Rs 6,530 per quintal in futures trade today after speculators enlarged positions amidst rising exports demand.

At the National Commodity and Derivatives Exchange, turmeric for delivery in September rose by Rs 68, or 1.05 per cent, to Rs 6,530 per quintal with an open interest of 14,410 lots.

Similarly, the spice for delivery in October gained Rs 56, or 0.84 per cent, to Rs 6,690 per quintal in 4,780 lots.

Analysts said speculators enlarged positions, taking positive cues from the spot market on rising exports demand mainly led to the rise in turmeric prices at futures trade.