Turmeric futures slide 0.91% on adequate stocks

Turmeric prices were down 0.91 per cent to Rs 9,100 per quintal in futures trade today after speculators trimmed positions, triggered by adequate stocks position on higher supplies from producing belts.
At the National Commodity and Derivatives Exchange, turmeric for delivery in December moved down by Rs 84, or 0.91 per cent to Rs 9,100 per quintal with an open interest of 7900 lots.
Similarly, the spice for delivery in November contracts traded lower by Rs 78, or 0.87 per cent to Rs 8850 per quintal in 17,260 lots.
Market analysts said offloading of positions by participants, triggered by ample stocks on higher supplies from producing areas in the physical market against subdued demand mainly influenced turmeric prices at futures trade.