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Turmeric falls for 3rd day on sluggish demand

Continues its slide for the third straight day

Press Trust of India  |  New Delhi 

Turmeric futures for May slid by Rs 192, or 2.68%, to Rs 6,960 per quintal in 13,950 lots.

At the National Commodity and Derivatives Exchange (NCDEx), the April declined by Rs 106, or 1.50% to Rs 6,956 per quintal in 26,960 lots.

Turmeric continued its slide for the third straight day.

Prices fell owing to weak spot market demand amid adequate stocks position.

However, expectations of lower output this season limited the losses.

First Published: Fri, March 15 2013. 15:33 IST