Turmeric futures trade higher on rising export demand

Turmeric futures traded higher on NCDEX as speculators created fresh positions amid rising export demand in the spot market. Besides, a decline in supplies from producing regions against limited stocks position in the physical market too influenced the prices. The contract for June delivery was trading at Rs 6176.00, up by 0.13% or Rs 8.00 from its previous closing of Rs 6168.00. The open interest of the contract stood at 12100.00 lots. The contract for July delivery was trading at Rs 6298.00, up by 0.19% or Rs 12.00 from its previous closing of Rs 6286.00. The open interest of the contract stood at 4200.00 lots on NCDEX.