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Turmeric down 0.3% on profit-booking

Reports of lower area under cultivation limited the gains

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Turmeric futures for May fell by Rs 20, or 0.3%, to Rs 6,670 per quintal in 7,255 lots.

At the National Commodity and Derivatives Exchange, the April contract lost Rs 6, or 0.09%, to Rs 6,560 per quintal in 28,535 lots.

Speculators trimming their positions, weak export demand and higher carry-forward stocks triggered the downtrend.

However, reports of lower area under cultivation due to scant rainfall during the planting season limited the gains.

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First Published: Jan 16 2013 | 2:26 PM IST

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