Turmeric prices moved down by Rs 66, or 0.53 per cent, to Rs 12,310 per quintal in futures market today, as speculators reduced their positions following a decline in spot demand amid expectations of higher production.
At the National Commodity and Derivatives Exchange counter, turmeric for October declined by Rs 66, or 0.53 per cent, to Rs 12,310 per quintal, with an open interest of 1,680 lots.
The spice for delivery in September-month also lost Rs 44, or 0.34 per cent, to Rs 13,040 per quintal, with an open interest of 7,565 lots.
Analysts said offloading of positions by speculators followed by a fall in spot demand and expectations of higher production influenced the turmeric prices at futures market here.
