Turmeric prices fell 1.31 per cent to Rs 8,614 per quintal in futures trade today after speculators trimmed positions, tracking a weak trend at the spot markets on sluggish demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in September month shed Rs 114, or 1.31 per cent to Rs 8,614 per quintal with an open interest of 15,180 lots.
Similarly, the spice for delivery in October traded lower by Rs 94, or 1.04 per cent to Rs 8,930 per quintal in 22,315 lots.
Market analysts said offloading of positions by participants, triggered by easing demand in the spot market against adequate stocks position, mainly led to fall in turmeric prices at futures trade.
