International Development News
Development News Edition
Give Feedback

Turmeric prices rises 1.51 percent on firm market demand

Updated: 10-09-2018 12:33 IST
Turmeric prices rises 1.51 percent on firm market demand

Image Credit: Flicker

New Delhi, Sep 10 (PTI) Turmeric prices rose 1.51 per cent to Rs 6,586 per quintal in futures trade today after participants built up fresh positions on the back of pick-up in domestic and exports demand and restricted supplies from growing regions.

At the National Commodity and Derivatives Exchange, turmeric for delivery this month's contract was trading higher by Rs 98, or 1.51 per cent, to Rs 6,586 per quintal with an open interest of 3,125 lots.

The spice for October also increased by Rs 82, or 1.23 per cent, to Rs 6,698 per quintal in an open interest of 11,330 lots.

Analysts said, fresh positions created by participants following the upsurge in domestic as well as exports demand at the spot market against restricted supplies from producing belts pushed up turmeric futures.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)