Turmeric futures traded higher on NCDEX as speculators enlarged positions on pick-up in export demand in the spot market. Moreover, tight supplies from producing region as well as limited stocks position in the physical market also influenced the yellow spice prices.
The contract for June delivery was trading at Rs 5932.00, up by 1.99% or Rs 116.00 from its previous closing of Rs 5816.00. The open interest of the contract stood at 875.00 lots.
The contract for July delivery was trading at Rs 6052.00, up by 1.75% or Rs 104.00 from its previous closing of Rs 5948.00. The open interest of the contract stood at 14570.00 lots on NCDEX.
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