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Turmeric prices fell by Rs 42 to Rs 7,274 per quintal at the futures trade today as speculators booked profits driven by a weak trend at the spot market.
At the National Commodity and Derivatives Exchange counter, turmeric for delivery in June declined by Rs 42 or 0.57 per cent to Rs 7,274 per quintal with an open interest of 4,955 lots. Likewise, June contract traded lower by Rs 38 or 0.52 per cent to Rs 7,308 per quintal with a business turnover of 7,010 lots.
Market analysts said apart from profit-booking by speculators, weak export demand mainly led to the decline in turmeric futures prices.
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