Turmeric futures prices fell by Rs 76 to Rs 10,200 per quintal today as speculators booked profits after recent gains, driven by speculations of higher production.
However, a likely delay in the fresh arrivals due to unseasonal rains and diminishing stocks, capped losses.
At the National Commodity and Derivatives Exchange counter, turmeric for delivery in April contract fell by Rs 76, or 0.74 per cent, to Rs 10,200 per quintal, with an open interest of 6,350 lots. It had gained 0.31 per cent to end at Rs 10,276 per quintal in the previous session.
Likewise, the spice for delivery in June contract lost Rs 26, or 0.27 per cent, to Rs 9,504 per quintal, with an open interest of 445 lots.
Analysts said apart from profit booking by speculators after recent gains, higher output hopes led to the fall in turmeric futures prices but diminishing stocks following negligible supplies in the physical market, restricted losses.
