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Turmeric futures fall 0.77% on muted demand

Press Trust of India  |  New Delhi 

Turmeric prices fell by 0.77 per cent to Rs 6,432 per in futures trade Tuesday due to weak domestic demand against adequate supplies from producing belts.

At the National Commodity and Derivatives Exchange, the current month contract of the spice dropped by Rs 50, or 0.77 per cent, to Rs 6,432 per with an open interest of 8,245 lots.

The spice contract for delivery in April next year, however, moved up by Rs 38, or 0.57 per cent, to Rs 6,738 per quintal, with an open interest of 12,975 lots.

Analysts said offloading of positions by speculators on weak domestic demand against adequate supplies from producing regions led to fall in 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: Tue, December 04 2018. 15:50 IST
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