Turmeric prices fell by 0.84 per cent to Rs 6,574 per quintal in futures market Thursday as speculators narrowed their bets, tracking fall in demand from domestic and export markets.
Besides, reports of improved sowing from major growing areas of Tamil Nadu, Karnataka and Maharashtra influenced sentiments.
At the National Commodity and Derivatives Exchange, turmeric for October declined by Rs 56, or 0.84 per cent, to Rs 6,574 per quintal with an open interest of 9,015 lots.
Similarly, the spice for delivery in November lost Rs 50, or 0.74 per cent, to Rs 6,672 per quintal in 6,730 lots.
Market analysts said off-loading of positions by traders amid falling demand at the domestic spot market against adequate stocks position mainly kept pressure on turmeric prices.
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