Turmeric remains weak on subdued demand, adequate stocks

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Turmeric remains weak on subdued demand, adequate stocks
Press Trust of India / New Delhi Jun 04, 2010, 14:19

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Turmeric prices fell by Rs 98 or 0.67 per cent to Rs 14,628 per quintal in futures trade today on subdued demand against adequate stocks.

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At the National Commodity and Derivatives Exchange, turmeric for delivery in June contract declined by Rs 98 or 0.67 per cent to Rs 14,628 per quintal, with an open interest of 9,500 lots.

Similarly, the spice for delivery in July contract lost Rs 90 or 0.62 per cent to Rs 14,430 per quintal, with a trading volume of 3,890 lots.

Market analysts said subdued demand against adequate stocks at the physical markets, led to a fall in turmeric prices at futures trade.