Turmeric futures prices declined by Rs 42 to Rs 5,768 per quintal today, due to adequate supplies in the physical market against subdued demand.
Expectations of higher crop this season due to favourable weather conditions in the key producing states also put pressure on turmeric prices.
At the National Commodity and Derivatives Exchange, November turmeric fell by Rs 42, or 0.72%, to Rs 5,768 per quintal, with an open interest of 1,650 lots.
The October contract shed Rs 30, or 0.52%, to Rs 5,788 per quintal, with a business turnover of 4,440 lots.
Analysts said weak demand in the spot market against adequate stocks position, mainly lowered the turmeric futures prices.
