Turmeric prices tumbled by Rs 192 to hit lower circuit at Rs 4,606 per quintal in futures trade today on poor demand against increased supplies.
Expectations of a better crop because of favourable weather conditions in producing regions also put pressure on turmeric prices.
At the National Commodity and Derivatives Exchange, November turmeric tumbeld by Rs 192, or 4.00% to Rs 4,608 per quintal with an open interest of 5,285 lots.
The September contract plunged by Rs 186, or 3.98% to Rs 4,488 per quintal in 7,050 lots.
Analysts said increased supplies against poor demand in the spot market helped turmeric prices to hit lower circuit in the futures trade.
