Indian turmeric futures hit a contract high for the second session on Tuesday due to a pick up in domestic demand and a fall in the area under cultivation. As of 1014 GMT, the April turmeric contract on the National Commodity and Derivatives Exchange (NCDEX) was up 2.55 percent at 6,606 rupees per 100 kg, hitting a contract high of 6,638 rupees earlier in the day. "Production could fall due to a decline in the seeded area but carry-forward stocks are very high and this would maintain smooth supplies next year," said Suresh Chowdhary, a trader from Nizamabad in Andhra Pradesh. At Nizamabad, spot turmeric rose 41 rupees to 5,297 rupees per 100 kg.
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