Turmeric falls 2.18% on mounting stocks

Hopes of lower output capped the loss

Turmeric futures for April fell by Rs 150 or 2.18% to Rs 6,728 per quintal in 31,050 lots.

At the National Commodity and Derivatives Exchange, the May contract traded Rs 130, or 1.86% lower at Rs 6,786 per quintal in 7,215 lots.

Mounting stocks and subdued exports affected the trade.

Improved spot demand and hopes of a lower output capped the loss.