Turmeric futures rise 1.05 per cent on spot demand
Market analysts attributed the rise in turmeric futures to pick up in demand in spot markets against restricted supplies from producing region.
By PTI | Updated:
NEW DELHI: Turmeric rose 1.05 per cent to Rs 7,302 per quintal in futures trading today due to pick up in demand in the spot market against tight supplies.
At the National Commodity and Derivatives Exchange, turmeric for delivery in far-month April rose by Rs 76, or 1.05 per cent to Rs 7302 per quintal with an open interest of 18,285 lots.
Similarly, the spice for delivery in May moved up by Rs 70, or 0.96 per cent to Rs 7,336 per quintal in 4360 lots.
Market analysts attributed the rise in turmeric futures to pick up in demand in spot markets against restricted supplies from producing region.
At the National Commodity and Derivatives Exchange, turmeric for delivery in far-month April rose by Rs 76, or 1.05 per cent to Rs 7302 per quintal with an open interest of 18,285 lots.
Similarly, the spice for delivery in May moved up by Rs 70, or 0.96 per cent to Rs 7,336 per quintal in 4360 lots.
Market analysts attributed the rise in turmeric futures to pick up in demand in spot markets against restricted supplies from producing region.
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