Turmeric futures prices traded lower by Rs 62 to Rs 12,080 per quintal today, as speculators reduced their positions on higher output estimates.
At the National Commodity and Derivatives Exchange counter, turmeric for December delivery fell by Rs 62, or 0.51 per cent, to Rs 12,080 per quintal, with an open interest of 3,055 lots.
Similarly, the spice for delivery in November traded marginally lower by Rs 8, or 0.06 per cent, to Rs 12,850 per quintal, with a business volume of 11,655 lots.
Analysts said speculators reduced their positions on higher output estimates, which pulled down turmeric futures prices.