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Turmeric futures trade up on improving export demand

Turmeric futures traded up on NCDEX as market participants strengthened their positions on account of improving export demand for turmeric at spot markets. However, pick up in sowing in key producer Telangana capped upside momentum.

The contract for July delivery was trading at Rs 5940.00, up by 0.37% or Rs 22.00 from its previous closing of Rs 5918.00. The open interest of the contract stood at 3520 lots.

The contract for August delivery was trading at Rs 6728.00, up by 0.33% or Rs 22.00 from its previous closing of Rs 6706.00. The open interest of the contract stood at 11340 lots on NCDEX.

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