Amid continued profit-booking by speculators after recent gains and subdued spot demand, turmeric futures prices today fell by 3.97% to Rs 6,092 per quintal.
At the National Commodity and Derivatives Exchange, turmeric for delivery in August fell sharply by Rs 205, or 3.97%, to Rs 6,092 per quintal, with an open interest of 23,715 lots.
The August contract shed Rs 204, or 2.43%, to Rs 5,740 per quintal in 270 lots.
Marketmen attributed the fall in turmeric prices at futures trade to increased profit-booking by speculators at prevailing levels and sluggish demand in the spot market.
However, concerns of a decline in the area under cultivation capped the losses.
