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Turmeric futures succumb to profit-booking, down 2.53%

Press Trust of India  |  New Delhi 

Turmeric prices slipped 2.53 per cent to Rs 7,170 per in futures market today as traders locked in gains at prevailing higher levels amid increased supply from growing regions.

At the National Commodity and Derivatives Exchange, turmeric for delivery this month contract declined by Rs 186, or 2.53 per cent, to Rs 7,170 per with an open interest of 380 lots.

Similarly, the spice for delivery in June lost Rs 170, or 2.30 per cent, to Rs 7,230 per in 18,270 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 12:40 IST
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