Amid continued profit-booking by speculators after recent gains and subdued spot demand, turmeric prices fell further by 1.47% to Rs 4,164 per quintal in futures trade today.
In addition, rising inventories also put pressure on sentiment.
At the National Commodity and Derivatives Exchange, turmeric for delivery in August fell by Rs 62, or 1.47%, to Rs 4,164 per quintal, with an open interest of 29,225 lots.
Similarly, the spice for delivery in July shed Rs 46, or 1.09%, to Rs 4,176 per quintal in 39,305 lots.
Market analysts said sustained profit-bookings by speculators at prevailing and weak demand in the spot market against mounting inventories kept pressure on turmeric prices at futures market.
