Turmeric futures soften on profit-booking

Turmeric prices eased by 0.85 percent to Rs 6,778 per quintal in futures market today as traders booked profits, driven by subdued demand at the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, turmeric for delivery in October fell by Rs 58, or 0.85 percent to Rs 6,778 per quintal with an open interest of 8,525 lots.

Similarly, the spice for delivery in September contracts shed Rs 44, or 0.65 percent to Rs 6,724 per quintal in 11,700 lots.

Market analysts said apart from profit-booking by participants, easing demand in the physical markets against sufficient stocks position, mainly influenced turmeric prices at futures trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)