NEW DELHI, Mar 27: Turmeric prices fell by 1.65 per cent to Rs 6,552 per quintal in futures market today as participants reduced positions on the back of subdued demand at the spot market.
Further, increase in arrivals from major growing regions also weighed on turmeric rates.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April contracts declined Rs 110, or 1.65 per cent, to Rs 6,552 per quintal with an open interest of 7,800 lots.
Similarly, the contract for far-month May was trading at Rs 6,635, down by 1.55 per cent or Rs 105, with a trading volume of 7,590 lots.
Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot markets against adequate stocks position on increased supplies, kept pressure on turmeric prices in futures trade. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel