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Amid subdued spot demand and adequate supply, turmeric prices fell by 1.27% to Rs 6,668 per quintal in futures trading today as speculators reduced positions.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May fell by Rs 86, or 1.27% to Rs 6,668 per quintal with an open interest of 9,390 lots.
Similarly, the spice for delivery in June contract traded lower by Rs 86, or 1.24% to Rs 6,826 per quintal in 6,935 lots.
Marketmen said offloading of positions by speculators, driven by subdued demand in the spot market against adequate supplies from producing belts mainly led to decline in turmeric prices at futures trade.
