Turmeric prices moved down by 0.71% to Rs 8,444 per quintal in futures trade today following arrival pressure from new season crop in the physical market against sluggish demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May shed Rs 60, or 0.71% to Rs 8,444 per quintal, with an open interest of 13,720 lots.
Similarly, the spice for delivery in June declined by Rs 52, or 0.62% to Rs 8,300 per quintal, with a business volume of 7,260 lots.
Analysts said besides the arrival of new season crop in the market, subdued demand influenced the trading sentiments here and led to the fall in turmeric futures prices.
