 "Turmeric down 2.4% on profit-booking")
Turmeric prices fell by Rs 120 to Rs 4,728 per quintal in futures trade today as speculators booked profits at current levels.
Subdued demand from local and overseas buyers against mounting stocks mainly put pressure on sentiment.
Weak overseas demand as buyers were expecting further drop in prices also supported the downtrend, traders said.
Likewise, the spice for delivery in October lost Rs 116, or 2.45%, to Rs 4,610 per quintal, with an open interest of 18,320 lots.
Subdued demand from local and overseas buyers against mounting stocks mainly put pressure on sentiment.
Weak overseas demand as buyers were expecting further drop in prices also supported the downtrend, traders said.
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At the National Commodity and Derivatives Exchange, turmeric for delivery in November fell by Rs 120, or 2.47%, to Rs 4,728 per quintal in open interest of 5,750 lots.
Likewise, the spice for delivery in October lost Rs 116, or 2.45%, to Rs 4,610 per quintal, with an open interest of 18,320 lots.