Turmeric futures trade higher on limited supplies

Turmeric futures traded higher on NCDEX on the back of limited supplies of the yellow spice from the producing belts. Further, adverse Monsoon reports and expected pick up in demand in coming days at these lower levels also influenced the commodity prices in futures trade. The contract for May delivery was trading at Rs 6548.00, up by 0.46% or Rs 30.00 from its previous closing of Rs 6518.00. The open interest of the contract stood at 405.00 lots. The contract for June delivery was trading at Rs 6752.00, up by 0.63% or Rs 42.00 from its previous closing of Rs 6710.00. The open interest of the contract stood at 12500.00 lots on NCDEX.