Turmeric prices declined by Rs 130 to Rs 14,688 per quintal in futures market today on increased arrivals in the physical market amidst subdued demand.
On the National Commodity and Derivatives Exchange counter, turmeric for far-month September fell by Rs 130 or 0.88 per cent to Rs 14,688 per quintal, with an open interest of 2,070 lots.
The spice for delivery in August month also moved down by Rs 104, or 0.69 per cent to Rs 15,000 per quintal in 8,920 lots.
Market experts said increased arrivals in the spot markets against subdued demand mainly led to fall in the turmeric prices at futures market.
