Commodity Online MUMBAI: Turmeric futures descended on Friday after a short term trip to positive zone as traders indulged in profit booking tracking domestic market reports. Traders increased selling the commodity on the expectation that new crop is likely to hit the market almost a month in advance.
Turmeric's December contract fell by Rs 12, or 0.30 per cent, at Rs 3,838 per quintal at NCDEX. The contract clocked business turnover of 2,690 lots. Meanwhile, demit stocks of turmeric at NCDEX-monitored warehouses were at 3,477 tonnes as on November 18. Turmeric in spot trading at Naziabad, Andhra Pradesh, quoted higher at Rs 3,876.65 per quintal.
Market men said subdued export and falling domestic demand put pressure on spice prices in futures trading.
