Turmeric futures traded higher on NCDEX backed by fresh buying at lower price levels by market participants tracking improved up country and export demands for new season crop. Besides, lower than expected stocks with the traders and upcountry stockists fuelled the positive trend of turmeric price at future markets.
The contract for May delivery was trading at Rs 7342.00, up by 0.33% or Rs 24.00 from its previous closing of Rs 7318.00. The open interest of the contract stood at 1315 lots.
The contract for June delivery was trading at Rs 7434.00, up by 0.35% or Rs 26.00 from its previous closing of Rs 7408.00. The open interest of the contract stood at 17150 lots on NCDEX.