Turmeric prices fell by 0.88 per cent to Rs 6,462 per quintal in the futures market Monday on account of easing demand from retailers and industrial buyers at the spot market.
At the National Commodity and Derivatives Exchange, turmeric for October declined by Rs 58, or 0.88 per cent, to Rs 6,462 per quintal with an open interest of 11,175 lots.
Similarly, the spice for November lost Rs 58, or 0.87 per cent, to Rs 6,570 per quintal in 3,710 lots.
Market analysts said off-loading of positions by traders, triggered by fall in demand at the domestic spot market against adequate stocks position mainly exerted pressure on turmeric prices.
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