Turmeric futures rise around 1 pc on spot demand

Turmeric futures rose by around 1 per cent to Rs 7,336 per quintal on speculative buying driven by uptick in domestic and export demand in spot market.

At the National Commodity and Derivatives Exchange, turmeric for delivery in September was trading higher by Rs 72, or 0.98 per cent, to close at Rs 7,336 per quintal with an open interest of 14,860 lots.

Similarly, the current month contract of the spice increased by Rs 36, or 0.49 per cent, to end at Rs 7,390 per quintal, in an open interest of 1,160 lots.

Analysts said participants created fresh positions following upsurge in domestic and export demand in spot market against restricted supplies from producing regions.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)