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Turmeric prices moved down by 2.09% to Rs 5,158 per quintal in futures trade today as speculators booked profit at prevailing higher levels, driven by a weak trend at spot market on sluggish local and overseas demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in December moved down by Rs 110, or 2.09% to Rs 5,158 per quintal with an open interest of 15,710 lots.
Similarly, the spice for delivery in April declined by Rs 92, or 1.55% to Rs 5,850 per quintal in 3,155 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, sluggish local and overseas demand in the spot market mainly kept pressure on turmeric prices at futures trade.
