Commodity Online MUMBAI: Turmeric futures started upward movement at NCDEX on Thursday afternoon trade on intense bargain buying by the traders and stockiest amid low arrivals.
Turmeric futures May contract rose by Rs 51 per quintal or up by 1.35 percent to Rs 3828 per quintal. Strong demand in spot market has maintained bearish sentiments in turmeric market as trader and stockiest have witnessed active participation at lower levels.
On the other side, current situation is more tilted towards bulls as waning stocks position in the country against upcoming strong demand in domestic market might keep the turmeric prices supportive at lower levels.
