New Delhi, Dec 28 (PTI) Turmeric prices rose 1.73 per cent to Rs 7,980 per quintal in futures trade today as speculators covered up short positions amid firm physical demand. Also Read - TIG vs ROY Dream11 Team Predictions, Fantasy Cricket Tips Kodak Presidents Cup T20 Match 7: Captain, Vice-captain, Probable XIs For Today's KCA Tigers vs KCA Royals at 10:00 AM IST March 9 Tuesday
Furthermore, reports that cultivation of the crop has been reduced and expectations of upsurge in demand in the new season boosted the uptrend. Also Read - JEE Main 2021 Result Announced, Check Your NTA JEE Main Results On These 3 Official Websites
In futures trading at the National Commodity and Derivatives Exchange, turmeric for delivery in April traded Rs 136, or 1.73 per cent, higher at Rs 7,980 per quintal with an open interest of 10,690 lots. Also Read - Nia Sharma Dances On The Street of Mumbai To The Song 'Walk', Viral Video Breaks Internet | WATCH
The spice for delivery in May also increased by Rs 122, or 1.55 per cent, to Rs 7,960 per quintal, with an open interest of 70 lots.
Analysts said fresh positions created by participants following upsurge in domestic as well as export demand in the spot market against restricted supplies from producing regions pushed up prices in futures trade.
This is published unedited from the PTI feed.