Turmeric prices fell 2 per cent to Rs 8,626 per quintal in futures trade today as speculators booked profits at existing higher levels, driven by sluggish domestic and export demand in the spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April month eased by Rs 176, or 2 per cent to Rs 8,626 per quintal with an open interest of 24,360 lots.
Similarly, the spice for delivery in May contract traded lower by Rs 178, or 2 per cent to Rs 8,736 per quintal in 4,600 lots.
Marketmen said apart from profit-bookings by speculators at prevailing higher levels, fall in domestic and overseas demand against adequate stocks position mainly pulled down turmeric prices at futures trade.
