Turmeric futures traded higher on NCDEX in line with the speculative positions built up by participants amid firm demand in domestic as well as export demand. Meanwhile, tight stock positions and restricted arrivals also fuelled upward trend of turmeric in future market.
The contract for May delivery was trading at Rs 7438.00, up by 1.00% or Rs 74.00 from its previous closing of Rs 7364.00. The open interest of the contract stood at 705 lots.
The contract for June delivery was trading at Rs 7500.00, up by 0.54% or Rs 40.00 from its previous closing of Rs 7460.00. The open interest of the contract stood at 17780 lots on NCDEX.