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Turmeric futures slide 2.24 pc on adequate stocks

Press Trust of India  |  New Delhi 

Turmeric prices moved down by 2.24 per cent to Rs 6,034 per quintal in futures market today as participants reduced exposure amid sufficient stocks position on pick-up in arrivals from producing belts at spot market.

At the National Commodity and Derivatives Exchange, turmeric for delivery this month declined Rs 138, or 2.24 per cent, to Rs 6,034 per quintal with an open interest of 360 lots.

Similarly, the spice for delivery in May lost Rs 76, or 1.22 per cent, to Rs 6,150 per quintal in 20,050 lots.

Market analysts said trimming positions by traders, driven by ample stocks position on increased supplies from producing regions in the physical market, mainly weighed on turmeric prices at futures trade.

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

First Published: Mon, April 17 2017. 14:22 IST