Turmeric futures traded lower on NCDEX due to arrival of inferior quality turmeric from the producing regions. Further, subdued demand in the spot market too fuelled the downtrend.
The contract for April delivery was trading at Rs 8820.00, down by 1.01% or Rs 90.00 from its previous closing of Rs 8910.00. The open interest of the contract stood at 29080 lots.
The contract for May delivery was trading at Rs 8838.00, down by 1.19% or Rs 106.00 from its previous closing of Rs 8944.00. The open interest of the contract stood at 10360 lots on NCDEX.