Turmeric futures prices fell by Rs 104 to Rs 9,840 per quintal in today, as traders reduced their positions, driven by a subdued demand in the spot market.
Estimates of higher production and sluggish export demand also influenced the trading sentiment.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April fell by Rs 104, or 1.05 per cent, to Rs 9,840 per quintal, with an open interest of 6,330 lots.
Similarly, the spice for delivery in May lost Rs 70, or 0.74 per cent, to Rs 9,400 per quintal in 2,250 lots.
Analysts said the fall in turmeric futures prices was mostly on hopes of a increase in supplies due to estimates of higher production.
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