Turmeric futures edge higher on strong export demand

Turmeric futures edged higher on NCDEX as speculators enlarged positions on pick-up in export demand in the spot market. Further, buying by retailers and stockists amid paucity of stocks on restricted arrivals from producing belts also influenced the commodity price. The contract for May delivery was trading at Rs 6470.00, up by 0.68% or Rs 44.00 from its previous closing of Rs 6426.00. The open interest of the contract stood at 830.00 lots. The contract for June delivery was trading at Rs 6644.00, up by 0.64% or Rs 42.00 from its previous closing of Rs 6602.00. The open interest of the contract stood at 13245.00 lots on NCDEX.