Turmeric prices fell by 0.74 per cent to Rs 6,672 per quintal in futures market Wednesday on account of easing demand from retailers and industrial buyers at the spot market.
Reports of improved sowing from major growing areas of Tamil Nadu, Karnataka and Maharashtra also influenced the turmeric futures prices.
At the National Commodity and Derivatives Exchange, turmeric for September declined by Rs 50, or 0.74 per cent, to Rs 6,672 per quintal with an open interest of 8,485 lots.
Market analysts said off-loading of positions by traders, triggered by fall in domestic as well as export demand against adequate stocks position mainly exerted pressure on turmeric prices.
Similarly, the spice for October lost Rs 40, or 0.58 per cent, to Rs 6,770 per quintal in 8,280 lots.
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