Turmeric rose by 1.18 per cent in futures trade despite rising arrivals in the spot market from the new crop and sluggish export demand.
At the National Commodity and Derivatives Exchange (NCDEX), turmeric prices for delivery in April rose Rs 110, or 1.18 per cent, to Rs 9,440 per quintal, with an open interest of 7,250 lots.
The spice for delivery in May gained Rs 32, or 0.35 per cent, to Rs 9,270 per quintal, with an open interest of 3,555 lots.
Traders said the rise in turmeric prices at futures trade was mostly attributed to strong demand at the spot market but weak export and increased arrivals in local markets, capped gains.