 "Turmeric falls over 1% on profit-booking")
Amid profit-booking by speculators, turmeric prices fell over 1% to Rs 5,970 per quintal in futures trade today.
At the National Commodity and Derivatives Exchange (NCDEX), the July contract declined by Rs 66, or 1.09%, to Rs 5,970 per quintal in 13,425 lots.
The June contract edged lower by Rs 54, or 0.91%, to Rs 5,870 per quintal in 24,446 lots.
Market analysts said profit-booking by speculators mainly put pressure on turmeric prices at futures trade but fall in supplies from producing regions as farmers held back stocks in anticipation of further price rise, capped the losses.
At the National Commodity and Derivatives Exchange (NCDEX), the July contract declined by Rs 66, or 1.09%, to Rs 5,970 per quintal in 13,425 lots.
The June contract edged lower by Rs 54, or 0.91%, to Rs 5,870 per quintal in 24,446 lots.
Market analysts said profit-booking by speculators mainly put pressure on turmeric prices at futures trade but fall in supplies from producing regions as farmers held back stocks in anticipation of further price rise, capped the losses.
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