DAILY BUZZ
TURMERIC
- Turmeric prices fell by 1.51 per cent to Rs 6,908 per quintal in futures trade today as speculators reduced positions due to sluggish demand in the spot market against adequate supplies from producing belts.
- At the National Commodity and Derivatives Exchange, turmeric for delivery in May fell by Rs 106, or 1.51 per cent, to Rs 6,908 per quintal with an open interest of 6,085 lots.
- Similarly, the spice for delivery in April traded lower by Rs 98, or 1.42 per cent, to Rs 6,824 per quintal in 19,180 lots.
- Analysts said offloading of positions by speculators on the back of sluggish demand in the spot market against adequate supplies from producing regions mainly pulled down turmeric prices at futures trade.
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