Turmeric futures prices traded lower by Rs 38 to Rs 6,270 per quintal today on subdued demand in the spot market against adequate supply.
Adequate supplies in the physical market, following increased arrivals put pressure on the turmeric futures prices. At the National Commodity and Derivatives Exchange, turmeric for September delivery declined by Rs 60, or 0.38%, to Rs 6,270 per quintal, with an open interest of 6,150 lots.
August turmeric lost Rs 22, or 0.35%, to Rs 6,198 per quintal, with a business turnover of 6,330 lots.
Analysts said subdued demand in the spot market against adequate stocks position helped turmeric prices to trade lower.
