Amid continued profit-booking by speculators after recent gains and subdued spot demand, turmeric futures prices further fell by 1.99% to Rs 5,826 per quintal today.
At the National Commodity and Derivatives Exchange (NCDEX), turmeric for delivery in September fell by Rs 118, or 1.99%, to Rs 5,826 per quintal, with an open interest of 15,915 lots.
August turmeric shed Rs 114, or 1.98%, to Rs 5,652 per quintal in 11,755 lots.
Market analysts said sustained profit-booking by speculators at prevailing levels and weak demand in the spot market kept pressure on turmeric prices at the futures market.
Besides, measures by the NCDEX like raising the special margin on long position to 40% from the existing 20% to check excess volatility in the prices, weighed on turmeric, they said.
