Turmeric prices fell by Rs 94, or 2.38%, to Rs 3,860 per quintal in futures trading today as participants locked gains amid weak spot demand.
However, short supplies in the market limited the losses to some extent.
At the National Commodity and Derivatives Exchange, turmeric for delivery in August fell by Rs 94, or 2.38%, to Rs 3,860 per quintal, with an open interest of 3,705 lots.
The June contract lost Rs 74, or 1.98%, to Rs 3,672 per quintal in 28,100 lots.
Analysts said sluggish demand at spot markets mainly put pressure on turmeric prices today. However, farmers holding back stocks were creating short supplies, which restricted losses.