Turmeric up 2% on increasing demand

On 21st February 2011, at National Commodity & Derivatives Exchange, the prices of Turmeric for the April month contracts increased by almost 2.06% to reach Rs 9,932 per quintal. The total traded quantity of the commodity stood at 1,810 lots representing Rs 179769.20 crore in value terms. As per industry experts the increase in domestic demand along with increase in exports of the commodity was the main reason behind the increase in the prices of the commodity. However, going into the future the fresh arrival of the commodity in the domestic market will limit this gain.

(Source: http://money.oneindia.in/news/2011/02/21/turmeric-increasing-aid0096.html)