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Turmeric prices rose by 1.18 per cent at the futures trade today despite rising arrivals in the spot market from the new crop and sluggish export demand.
At the National Commodity and Derivatives Exchange (NCDEX), turmeric for delivery in April rose by Rs 110 or 1.18 per cent to Rs 9,440 per quintal with an open interest of 7,250 lots. Similarly, May contract gained Rs 32 or 0.35 per cent to Rs 9,270 per quintal with an open interest of 3,555 lots.
Traders said the rise in turmeric prices at the futures trade was mostly attributed to strong demand at the spot market but weak export and increased arrivals in the local markets, capped the gains.
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