 "Turmeric down 1.9% on profit-booking")
Turmeric prices moved down by 1.96% to Rs 7,186 per quintal in futures trade today as speculators booked profits at prevailing higher levels, driven by a decline in demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May moved down by Rs 144, or 1.96%, to Rs 7,186 per quintal with an open interest of 5,035 lots.
Similarly, the spice for delivery in April lost Rs 142, or 1.95%, to Rs 7,144 per quintal in 17,240 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, decline in demand in the spot market, mainly led the fall in turmeric prices at futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May moved down by Rs 144, or 1.96%, to Rs 7,186 per quintal with an open interest of 5,035 lots.
Similarly, the spice for delivery in April lost Rs 142, or 1.95%, to Rs 7,144 per quintal in 17,240 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, decline in demand in the spot market, mainly led the fall in turmeric prices at futures trade.