Turmeric futures extended their gains on NCDEX on the account of strong export demand in local mandis against limited stock positions in the market. Besides, improved exports inquiries and a slight drop in supply at major spot markets of the country also impacted the trading sentiments.
The contract for May delivery was trading at Rs 7052.00, up by 2.08% or Rs 144.00 from its previous closing of Rs 6908.00. The open interest of the contract stood at 10065.00 lots.
The contract for June delivery was trading at Rs 7186.00, up by 2.02% or Rs 142.00 from its previous closing of Rs 7044.00. The open interest of the contract stood at 4415.00 lots on NCDEX.
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