Turmeric prices slipped 1.33 per cent to Rs 7,232 per quintal in futures market today as traders locked in gains at prevailing higher levels amid easing demand at the spot market amid increased supply from growing regions.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July contract declined by Rs 98, or 1.33 per cent, to Rs 7,232 per quintal, with an open interest of 12,380 lots.
Similarly, the spice for delivery in far-month August contract lost Rs 88, or 1.88 per cent, to Rs 7,314 per quintal in 7,855 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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