Turmeric prices fell down by 0.73 per cent to Rs 7,636 per quintal in futures market today as speculators trimmed positions, due to muted demand in the spot market against ample stocks.
At the National Commodity and Derivatives Exchange, turmeric for delivery in September fell Rs 56, or 0.73 per cent, to close at Rs 7,636 per quintal with an open interest of 8,555 lots.
Similarly, the spice for delivery in current month declined by Rs 44, or 0.58 per cent, to end at Rs 7,550 per quintal in 9,265 lots.
Market analysts said, offloading of positions by traders on the back of easing demand in the physical markets against adequate stock position on increased supplies from producing regions, mainly weighed on turmeric prices at futures trade.
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