Turmeric futures gain 0.62 per cent on export demand

NEW DELHI, Apr 26:  Turmeric prices rose 0.62 per cent to Rs 7,190 per quintal in futures market today as speculators enlarged positions on pick-up in export demand in the spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in June rose by Rs 44, or 0.62 per cent, to Rs 7,190 per quintal with an open interest of 5,140 lots.
Similarly, the spice for delivery in May traded higher by Rs 40, or 0.57 per cent, to Rs 7,044 per quintal in 9,815 lots.
Analysts attributed the rise in turmeric futures to pick-up in export demand in the spot markets against restricted supply from producing regions. (PTI)