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Turmeric futures down 1.17%, low demand hurts

Press Trust of India  |  New Delhi 

Turmeric prices moved down by 1.17 per cent to Rs 6,900 per quintal in futures trade today as participants reduced exposure amid easing demand at the domestic spot market against adequate stock position.

Besides, increased arrivals from major producing belts weighed.

At the National Commodity and Derivatives Exchange, turmeric for delivery this month fell by Rs 82, or 1.17 per cent, to Rs 6,900 per quintal, with an open interest of 510 lots.

Similarly, the spice for delivery for December contract slipped by Rs 70, or 1.01 per cent, to Rs 6,860 per quintal in 7,750 lots.

Marketmen said offloading of positions by traders, driven by fall in demand in the spot market against ample stock position on increased supplies from growing regions, mainly put pressure on turmeric prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 15 2017. 12:57 IST