Turmeric down 0.75 per cent in futures trade

NEW DELHI: Turmeric prices fell further by 0.75 per cent to Rs 5,024 per quintal in futures trade today after participants trimmed positions amid higher stocks but export demand limited the fall.

At the National Commodity and Derivatives Exchange, turmeric for delivery in September declined by Rs 38, or 0.75 per cent, to Rs 5,024 per quintal in an open interest of 15,405 lots.

Similarly, the spice for delivery in October edged lower by Rs 34, or 0.66 per cent, to Rs 5,112 per quintal in 10,780 lots.

Market analysts said higher stocks in the market and a weak trend at spot markets mainly put pressure on turmeric futures but export demand capped the losses.