Turmeric fell further by 2.40 per cent to Rs 8,876 per quintal in futures trade today as participants offloaded their positions, triggered by ample stocks at spot market against muted demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in far-month May dropped by Rs 218, or 2.40 per cent to Rs 8,876 per quintal with an open interest of 15,580 lots.
On similar lines, the spice for delivery in April contracts lost Rs 180 or 1.99 per cent to Rs 8,846 per quintal in 32,185 lots.
Marketmen said offloading of positions by traders on the back of adequate stocks positions on higher supplies from producing belts against weak demand mainly kept turmeric prices lower at futures trade.
