Turmeric futures prices fell further by Rs 144 to Rs 9,674 per quintal today, as speculators booked profits amid fall in demand at higher levels and weak exports.
At the National Commodity and Derivatives Exchange counter, turmeric for delivery in June fell by Rs 144, or 1.47 per cent, to Rs 9,674 per quintal, with an open interest of 460 lots.
Similarly, the spice for delivery in May contract lost Rs 136, or 1.35 per cent, to Rs 9,920 per quintal, with an open interest of 2,095 lots, while April contract traded Rs 112, or 1.04 per cent lower, to Rs 10,672 per quintal, with an open interest of 5,770 lots.
Analysts said decline in demand at higher levels and weak exports after recent rally mainly weighed on turmeric futures prices.
Besides, estimates of higher production also put pressure, they said.
Meanwhile, during April-November 2010, country's turmeric exports were 33,000 tonnes, down 11 per cent, according to the Spices Board.