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Turmeric prices drifted by 1.73 per cent to 6,346 per quintal in futures market today as speculators indulged in reducing exposures due to subdued demand against adequate supplies from producing belts.
At the National Commodity and Derivatives Exchange, turmeric for delivery in June fell by Rs 112, or 1.73 per cent to Rs 6,346 per quintal with an open interest of 12,830 lots.
Similarly, the spice for delivery in July lost Rs 114, or 1.72 per cent to Rs 6,504 per quintal in 2,570 lots.
Analysts said offloading of positions by speculators, driven by weak demand in the spot market, mainly kept pressure on turmeric prices at futures trade.
