MUMBAI, March 5 (Reuters) - India's turmeric futures ended up on Friday on strong demand and as investors pounced on the near-term contract, which had slipped below spot rates, analysts said.
"There is strong export demand, which is supporting prices," Veeresh Hiremath, analyst with Karvy Comtrade, said. "The difference between spot and futures is also getting narrowed slowly."
Turmeric exports in January 2010 stood at 3,250 tonnes, down 22.61 percent from a year ago, according to data from the Spices Board.
In Nizamabad, a major spot market in Andhra Pradesh, the price ended at 8,584.2 rupees, down over 25 rupees.
Following are the closing prices of turmeric futures on the National Commodity Derivatives Exchange in rupees per 100 kg.
Source : REUTERS