Wednesday 23 October 2013

Turmeric Up 1.5% On Export Demand

Turmeric prices rose 1.52% to Rs 4,954 per quintal in futures market today as speculators enlarged positions on the back of export demand.



At the National Commodity and Derivatives Exchange, turmeric for delivery in December rose by Rs 74, or 1.52%, to Rs 4,954 per quintal with open interest of 7,935 lots.



Likewise, turmeric for delivery in November went up by Rs 56, or 1.17%, to Rs 4,848 per quintal in 14,690 lots.



Market analysts said speculators enlarged their positions on the back of export demand mainly pushed up turmeric prices at futures trade.


Source:- business-standard.com





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