Turmeric prices declined by 1.46 per cent to Rs 7,448 per quintal in futures trade today as participants reduced exposure, triggered by sufficient stocks position on increased supplies from producing belts at the spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May fell by Rs 110, or 1.46 per cent to Rs 7,448 per quintal with an open interest of 40 lots.
On similar lines, the spice for delivery in April shed Rs 44, or 0.58 per cent to Rs 7,478 per quintal in 8,725 lots.
Market analysts said offloading of positions by traders, triggered by adequate stocks position on increased arrivals from producing regions in the physical market against muted demand, weighed on turmeric prices at futures trade.
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