Turmeric futures decline on low demand

New Delhi, Turmeric prices on Thursday went down by Rs 80 to Rs 8,026.0 per 10 quintal in futures trade.

On the National Commodity and Derivatives Exchange,Turmeric contracts for June delivery was trading at Rs 8,026.0 down by Rs 80, or 1.0 per cent per 10 quintal with an open interest of 9,790 lots.

For July delivery, the futures prices decreased Rs 60, or 075per cent, to Rs 8,150.0 per 10 quintal with an open interest of 2,155 lots.

Marketmen attributed the downward trend in Turmeric prices to increasing supplies from growing regions.