India turmeric hits fresh high on low stocks

MUMBAI, Nov 4 (Reuters) - India's turmeric futures extended
the previous session's gains on Wednesday to hit fresh contract
highs, tracking a surge in spot prices due to dwindling
stockpiles and good demand, analysts said.

Stocks were low as last year's output had fallen sharply
due to low acreage and adverse weather, they added.

The benchmark November turmeric NTMX9 hit a contract high
of 11,613 rupees per 100 kg.

In Nizamabad, a major spot market in Andhra Pradesh, the
price rose 126 rupees at 11,927 rupees per 100 kg, after
gaining about 9 percent in the previous session.

"Arrivals were very thin while demand was modest," said an
analyst at Angel Commodities Broking Ltd.

Following are the closing prices of turmeric futures in
rupees per 100 kg on the National Commodity and Derivatives
Exchange Ltd. <0#NTM:>

Contract Reuters code Closing price Change in %

=========================================================

November NTMX9 11,581 4.07

December NTMZ9 10,630 2.89
(Reporting by Rajendra Jadhav; Editing by Sunil Nair)