Turmeric, jeera decline on subdued demand

NEW DELHI: Turmeric and jeera prices fell by Rs 100 per quintal in the national capital owing to subdued demand from retailers and stockists amid adequate stocks.

Weakening trend in futures market also put pressure on the select spice prices.

Turmeric prices fell by Rs 100 to Rs 6,900-12,400 per quintal.

Jeera common and best quality also declined by Rs 100 each to conclude at Rs 11,900-12,400 and Rs 15,900-16,200 per quintal.

Marketmen said subdued demand from retailers and stockists against adequate stocks, mainly pulled down turmeric and jeera prices on the wholesale kirana market.