Turmeric prices slipped by 1.44 per cent to Rs 7,240 per quintal in futures market today as traders locked in gains at prevailing higher levels and increased supplies from growing regions.
At the National Commodity and Derivatives Exchange, turmeric for delivery in far-month July declined by Rs 106, or 1.44 per cent, to Rs 7,240 per quintal with an open interest of 6,910 lots.
Similarly, the spice for delivery in June lost Rs 88, or 1.21 per cent, to Rs 7,156 per quintal in 15,140 lots.
Market analysts said off-loading of positions by traders, triggered by fall in demand at the domestic spot market against adequate stock positions on increased supplies kept pressure on turmeric prices in futures trade.
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