Turmeric falls 2.6% on profit-booking


Turmeric prices fell by Rs 140 to Rs 5,160 per quintal in futures trading today as speculators booked profits at existing higher levels amid fall in demand in the spot market.

At the National Commodity and Derivatives Exchange, turmeric for delivery in April month fell by Rs 140, or 2.64%, to Rs 5,160 per quintal with an open interest of 13,890 lots.

 The May contract lost Rs 132, or 2.58%, to Rs 4,992 per quintal in 5,845 lots.

 Analysts attributed the fall in turmeric futures to profit-booking by speculators at prevailing levels and fall in demand in the spot market.

Source: http://www.business-standard.com/india/news/turmeric-falls-26profit-booking/158086/&tp=on


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