 "Turmeric down 1.1% on profit-booking")
Turmeric prices fell 1.14% to Rs 6,930 per quintal in futures trade today as speculators booked profits at prevailing higher levels, driven by weak demand in the spot market against adequate supply.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May fell by Rs 80, or 1.14%, to Rs 6,930 per quintal with an open interest of 10,105 lots.
In a similar fashion, the spice for delivery in June traded lower by Rs 78, or 1.09%, to Rs 7,102 per quintal in 5,430 lots.
Analysts said besides profit-booking by speculators at existing levels, subdued demand in the spot market against adequate stocks position mainly pulled down turmeric prices at futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May fell by Rs 80, or 1.14%, to Rs 6,930 per quintal with an open interest of 10,105 lots.
In a similar fashion, the spice for delivery in June traded lower by Rs 78, or 1.09%, to Rs 7,102 per quintal in 5,430 lots.
Analysts said besides profit-booking by speculators at existing levels, subdued demand in the spot market against adequate stocks position mainly pulled down turmeric prices at futures trade.
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