Turmeric prices were trading down 1.20 per cent at Rs 5,584 per quintal in futures trade today as participants reduced exposure due to easing demand at the domestic spot markets.
At the National Commodity and Derivatives Exchange, turmeric for delivery in June fell by Rs 68, or 1.20 per cent, to Rs 5,584 per quintal, with an open interest of 15,910 lots.
Similarly, the spice for July delivery traded lower by Rs 60, or 1.05 per cent, to Rs 5,674 per quintal, in an open interest of 4,155 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, mainly kept pressure on turmeric prices in futures trade.
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