Turmeric futures prices fall 1.15% on adequate supply

Turmeric prices fell by Rs 64 to Rs 5,516 per quintal in futures trading today on adequate supplies in the spot market against subdued demand.

At the National Commodity and Derivatives Exchange,turmeric for delivery in October fell by Rs 64,or 1.15 per cent,to Rs 5,516 per quintal,with an open interest of 10,070 lots.

Likewise,the spice for delivery in November shed Rs 58,or 1.04 per cent,to Rs 5,504 per quintal,with an open interest of 11,585 lots.

Analysts said adequate supplies in the spot market against subdued demand mainly kept pressure on turmeric prices at futures trade.