Turmeric down 1.1% on profit-booking

Spice for delivery in May lost 1%

Turmeric prices fell by 1.08% to Rs 6,784 per quintal in futures trading today as speculators booked profits at prevailing higher levels, driven by a fall in demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, turmeric for delivery in April fell by Rs 74, or 1.08%, to Rs 6,784 per quintal with an open interest of 13,735 lots.

Similarly, the spice for delivery in May lost Rs 70, or 1.01%, to Rs 6,850 per quintal in 3,110 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand in the spot market, mainly kept pressure on turmeric prices at futures trade.