Turmeric futures weaken 2.22% on subdued demand
Turmeric prices fell by Rs 84 to Rs 3,700 per quintal in futures market today on speculators selling driven by sluggish demand in spot markets.
By PTI | Updated:
NEW DELHI: Turmeric prices fell by Rs 84 to Rs 3,700 per quintal in futures market today on speculators selling driven by sluggish demand in spot markets.
At the National Commodity and Derivatives Exchange, turmeric for delivery in June declined by Rs 84, or 2.22 per cent, to Rs 3,700 per quintal, with an open interest of 640 lots.
Similarly, the spice for delivery in June shed Rs 26, or 0.67 per cent, to Rs 3,866 per quintal, with an open interest of 38,700 lots.
Analysts said subdued demand at prevailing higher levels in the spot market mainly pulled down turmeric prices at futures trade.
At the National Commodity and Derivatives Exchange, turmeric for delivery in June declined by Rs 84, or 2.22 per cent, to Rs 3,700 per quintal, with an open interest of 640 lots.
Similarly, the spice for delivery in June shed Rs 26, or 0.67 per cent, to Rs 3,866 per quintal, with an open interest of 38,700 lots.
Analysts said subdued demand at prevailing higher levels in the spot market mainly pulled down turmeric prices at futures trade.
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