Turmeric prices fell by Rs 124, or 0.86 per cent, to Rs 14,270 per quintal in futures trading today, as speculators engaged in reducing their positions but lower stocks in the physical market, capped losses.
At the National Commodity and Derivatives Exchange counter, turmeric for delivery in September fell by Rs 124, or 0.86 per cent, to Rs 14,270 per quintal, with an open interest of 590 lots.
The spice for August also declined by Rs 52, or 0.36 per cent, to Rs 14,520 per quintal, with an open interest of 7,290 lots.
Market analysts said off-loading of positions by speculators at prevailing prices, mainly kept pressure on turmeric futures prices here but lower stocks at the physical markets, restricted losses.