Turmeric futures decline on weak domestic demand

Turmeric futures declined on NCDEX as participants offloaded their positions due to weak demand in the domestic markets amid adequate stocks. However, improved exports inquiries and a slight drop in supply of the yellow spice also dampened the sentiments. The contract for May delivery was trading at Rs 6866.00, down by 0.26% or Rs 18.00 from its previous closing of Rs 6884.00. The open interest of the contract stood at 11240.00 lots. The contract for June delivery was trading at Rs 6994.00, down by 0.26% or Rs 18.00 from its previous closing of Rs 7012.00. The open interest of the contract stood at 3620.00 lots on NCDEX.