Turmeric futures traded higher on NCDEX as investors enlarged their bets due to steady physical demand from up country buyers and improved export demand. Moreover, lower than expected stocks with the traders also fuelled the upward trend.
The contract for June delivery was trading at Rs 7234.00, up by 0.42% or Rs 30.00 from its previous closing of Rs 7204.00. The open interest of the contract stood at 12730 lots.
The contract for July delivery was trading at Rs 7312.00, up by 0.49% or Rs 36.00 from its previous closing of Rs 7276.00. The open interest of the contract stood at 8710 lots on NCDEX.