Turmeric down 0.3% on profit-booking

Reports of lower area under cultivation limited the gains

Turmeric futures for May fell by Rs 20, or 0.3%, to Rs 6,670 per quintal in 7,255 lots.

At the National Commodity and Derivatives Exchange, the April contract lost Rs 6, or 0.09%, to Rs 6,560 per quintal in 28,535 lots.

Speculators trimming their positions, weak export demand and higher carry-forward stocks triggered the downtrend.

However, reports of lower area under cultivation due to scant rainfall during the planting season limited the gains.