Amid continued profit-booking by speculators and subdued spot demand, turmeric futures prices today fell further by 2.69% to Rs 5,928 per quintal.
However, lower sowing due to deficient monsoon, restricted the gains.
At the National Commodity and Derivatives Exchange, turmeric for delivery in September fell by Rs 164, or 2.69%, to Rs 5,928 per quintal, with an open interest of 20,900 lots.
The October contract shed Rs 144, or 2.29%, to Rs 6,140 per quintal in 5,405 lots.
Market analysts said sustained profit-booking by speculators at prevailing higher levels and fall in demand in the spot market kept pressure on turmeric prices at futures market.
Besides, measures by the NCDEX like raising margin on the long position to 40% from the existing 20% to check excess volatility in the prices weighed on the prices, they said.
