Turmeric futures traded higher on NCDEX, owing to fresh buying by local stockists amid arrival of good quality produce and strong upcountry demand. Meanwhile, reports on improvement in export demand in near term also boosted turmeric rates in future market.
The contract for May delivery was trading at Rs 6806.00, up by 0.89 % or Rs 60.00 from its previous closing of Rs 6746.00. The open interest of the contract stood at 13910 lots.
The contract for June delivery was trading at Rs 6890.00, up by 1.32 % or Rs 90.00 from its previous closing of Rs 6800.00. The open interest of the contract stood at 2535 lots on NCDEX.