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Turmeric prices slide by 1.03% to Rs 5,970 per quintal in futures trade today as speculators locked-in gains at prevailing levels amid subdued demand in the spot market against adequate supplies.
At the National Commodity and Derivatives Exchange, turmeric for delivery in August fell by Rs 62, or 1.03%, to Rs 5,970 per quintal with an open interest of 21,095 lots.
Similarly, the spice for delivery in July declined by Rs 30, or 0.50%, to Rs 5,918 per quintal in 1,505 lots.
Market analysts attributed the fall in turmeric futures to profit-booking by speculators at prevailing levels amid subdued demand in the spot market against adequate stocks position.
