MUMBAI (Commodity Online): Continued to profit taking due to the anticipation of better crop this season kept Turmeric futures down for the third consecutive sessions Thursday.

NCDEX August turmeric futures contract slipped one percent to the session low of Rs 14274, down 0.97 percent from last close. The counter is now trading at Rs 14336, down Rs 76 or 0.53 percent from last close and the open interest added 3.60 percent to 8,320 tonnes.

Turmeric yesterday we have seen that market has moved -2.8% on profit taking amid anticipation of higher area under coverage in this kharif season. Turmeric arrivals in the Erode mandi surged to 9,000 bags from 6,000 bags and price slipped further to Rs 14400 from Rs 15,700 per 100 kg.

In Nizamabad, turmeric fell 260 rupees to end at 15,235 rupees against Friday's close. Market has opened at 14750 & made a low of 14306 versus the day high of 14760.

The total volume for the day was at 7950 lots and the open interest was at 7995.Support for turmeric is at 14236 below that could see a test of 14044. Resistance is now seen at 14690 above that could see a resistance of 14952.

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