Turmeric rises on tight supply

NEW DELHI: Turmeric prices rose by Rs 100 per quintal in the national capital today, largely on the back of tight supplies amid pick up in local and export demand.

Restricted supplies from producing regions and a firm trend in futures market also supported the rise in prices.

Turmeric prices rose by Rs 100 to settle at Rs 18,500-21,500 per quintal.

Marketmen said increased buying by stockists following a pick up in domestic and export demand against tight supplies from producing belts, mainly pushed up turmeric prices on the wholesale kirana market here.

Following are today's quotations (per quintal): Ajwain 16,000-19,500, black pepper common 22,300-22,400 betelnut (kg) 98-120, cardamom brown-Jhundiwali (kg) 900-950 and cardamom brown-Kanchicut (kg) 900-1050.

Cardamom small (kg): Chitridar 1,050-1,150, cardamom (colour robin) 1,000-1,100, cardamom bold 1,000--1,050, cardamom extra (bold) 1,150-1,180 and cloves (kg) 310-380.