NEW DELHI, Dec 27: Turmeric prices drifted 1.98 per cent lower to Rs 7,806 per quintal in futures market today as participants offloaded holdings amid weak domestic and export demand.
Reports of good supplies from the government auctions also weighed on prices.
In futures trading at National Commodity and Derivatives Exchange, turmeric for delivery in May declined Rs 158, or 1.98 per cent, to Rs 7,806 per quintal with an open interest of 70 lots.
Similarly, the spice for delivery in April lost Rs 122, or 1.53 per cent, to Rs 7,828 per quintal in 10,735 lots.
Market analysts said offloading of positions by traders, triggered by fall in demand in the domestic spot markets against adequate stocks position on increased supplies, kept pressure on prices in futures trade. (PTI)
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