Amid profit-booking by speculators, turmeric prices fell by Rs 94, or 0.64 per cent, to Rs 14,524 per quintal in futures trade today. Expectations of higher sowing on better weather also put some pressure on the turmeric prices in futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July contract traded Rs 94, or 0.64 per cent lower at Rs 14,524 per quintal, with an open interest of 9,650 lots.
Similarly, the spice for delivery in August declined by Rs 32, or 0.22 per cent, to Rs 14,468 per quintal, with an open interest of 2,065 lots.
Market analysts said apart from profit-booking, expectations of higher sowing after surge in the commodity prices and better weather conditions weighed on the turmeric prices at futures market here.
