Turmeric prices declined by Rs 30 to Rs 3,656 per quintal in futures market today on higher arrivals from producing region in the physical market against weak export demand.
Hopes of higher output this year also put pressure on turmeric prices at futures trading.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May shed Rs 30, or 0.81%, to Rs 3,656 per quintal with an open interest of 31,190 lots.
The June contract lost Rs 28, or 0.74%, to Rs 3,764 with business volume of 14,755 lots.
Analysts said, besides higher arrivals in the spot market, weak export demand mainly helped turmeric prices to ease.
They said reports of better output this season further influenced the sentiment.
