Turmeric futures prices weakened by Rs 90 to Rs 9,302 per quintal today, owing to slackness in demand in the spot market against increased arrivals of new season crop.
At the National Commodity and Derivatives Exchange, turmeric for delivery in June weakened by Rs 90, or 0.96 per cent, to Rs 9,302 per quintal, with an open interest of 2,720 lots.
Similarly, the spice for delivery in May lost Rs 42, or 0.45 per cent, to Rs 9,362 per quintal, with a trade volume of 5,170 lots.
Analysts said rising supplies of new crop, amid subdued spot demand mainly led to the decline in turmeric futures prices.
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