Turmeric futures rose on NCDEX as speculators created fresh positions, driven by an improvement in demand and increased upcountry orders. However, higher carry forward stocks against increased production estimates restricted the uptrend.
The contract for September delivery was trading at Rs 5190.00, up by 0.97% or Rs 50.00 from its previous closing of Rs 5140.00. The open interest of the contract stood at 8950.00 lots.
The contract for October delivery was trading at Rs 5300.00, up by 0.68% or Rs 36.00 from its previous closing of Rs 5264.00. The open interest of the contract stood at 17815.00 lots on NCDEX.