Turmeric futures slide 1.14% on adequate stocks, low demand

Similarly, the spice for delivery in October contracts traded lower by Rs 72, or 1.04 per cent to 6,840 per quintal in 15,035 lots.

Turmeric futures slide 1.14% on adequate stocks, low demand
NEW DELHI: Turmeric prices drifted lower by 1.14 per cent to Rs 6,946 per quintal in futures trade today as traders reduced exposures, triggered by ample stocks at spot market against easing domestic and export demand.

At the National Commodity and Derivatives Exchange, turmeric for delivery in November fell by Rs 80, or 1.14 per cent to Rs 6,946 per quintal with an open interest of 6405 lots.

Similarly, the spice for delivery in October contracts traded lower by Rs 72, or 1.04 per cent to 6,840 per quintal in 15,035 lots.

Analysts said offloading of positions by participants, driven by a fall in domestic and export demand in the spot market against adequate stocks position, mainly attributed the fall in turmeric prices at futures trade.
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