Turmeric prices fell by 2 per cent to Rs 6,884 per quintal in the futures market today on account of easing demand from retailers and industrial buyers at the spot market.
Besides, reports of improved sowing from major growing areas of Tamil Nadu, Karnataka and Maharashtra also influenced turmeric futures prices.
At the National Commodity and Derivatives Exchange, turmeric for September declined by Rs 140, or 2 per cent, to Rs 6,884 per quintal with an open interest of 16,135 lots.
Similarly, the spice for October lost Rs 106, or 1.49 per cent, to Rs 6,994 per quintal in 4,935 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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