Turmeric prices moved down by 1.99 per cent to Rs 6,312 per quintal in futures market today as participants reduced exposure amid sufficient stocks position on pick up in arrivals from producing belts at spot market.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April declined by Rs 126, or 1.99 per cent, to Rs 6,312 per quintal with an open interest of 6,145 lots.
Similarly, the spice for delivery in May lost Rs 128, or 1.99 per cent, to Rs 6,314 per quintal in 13,775 lots.
Market analysts said trimming of positions by traders, driven by ample stocks position on increased supplies from producing regions in the physical market, mainly weighed on turmeric prices at futures trade.
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