Turmeric prices went down by 0.54 per cent to Rs 7,352 per quintal in futures market today as traders locked in gains at the prevailing higher levels amid increased supply from growing regions.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July declined by Rs 40, or 0.54 per cent, to Rs 7,352 per quintal with an open interest of 11,275 lots.
Similarly, the spice for delivery in far-month August lost Rs 36, or 0.48 per cent, to Rs 7,420 per quintal in 10,240 lots.
Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot market against adequate stock positions on increased supplies kept pressure on turmeric prices in futures trade.
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