Turmeric prices drifted lower by 0.90 per cent to Rs 6,840 per quintal in futures market today on account of easing demand from retailers and industrial buyers at the spot market.
Further, ample stocks position following higher supplies from the producing belts too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May contract declined Rs 62, or 0.90 per cent, to Rs 6,840 per quintal with an open interest of 13,015 lots.
Similarly, the spice for delivery in June contract lost Rs 60, or 0.85 per cent, to Rs 6,930 per quintal in 4,025 lots.
Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot markets against adequate stock position on increased supplies kept pressure on turmeric prices in futures trade.
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