New Delhi, Apr 2 (PTI) Turmeric prices slipped by 1.57 per cent to Rs 6,510 per quintal in futures market today as speculators reduced exposure amid easing demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, turmeric for delivery in April fell by Rs 104, or 1.57 per cent, to Rs 6,510 per quintal with an open interest of 7,285 lots.
Similarly, the spice for delivery in May was trading lower by Rs 100, or 1.49 per cent, to Rs 6,594 per quintal in 8,300 lots.
Market analysts said cutting down of positions by traders, driven by a fall in demand in the physical markets against adequate stocks position on increased supplies from growing regions, mainly led to a decline in turmeric prices at futures trade.
This is published unedited from the PTI feed.