 "Turmeric down 2% on profit booking")
Turmeric prices moved down by 2.09% to Rs 5,158 per quintal in futures trade today as speculators booked profit at prevailing higher levels, driven by a weak trend at spot market on sluggish local and overseas demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in December moved down by Rs 110, or 2.09% to Rs 5,158 per quintal with an open interest of 15,710 lots.
Similarly, the spice for delivery in April declined by Rs 92, or 1.55% to Rs 5,850 per quintal in 3,155 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, sluggish local and overseas demand in the spot market mainly kept pressure on turmeric prices at futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in December moved down by Rs 110, or 2.09% to Rs 5,158 per quintal with an open interest of 15,710 lots.
Similarly, the spice for delivery in April declined by Rs 92, or 1.55% to Rs 5,850 per quintal in 3,155 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, sluggish local and overseas demand in the spot market mainly kept pressure on turmeric prices at futures trade.
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