Turmeric futures trade lower on profit booking

Turmeric futures traded lower on NCDEX as speculators booked profits at prevailing higher levels, driven by weak demand in the spot market. Further, rising arrivals from producing belts against adequate stocks position also dampened the sentiments. The contract for May delivery was trading at Rs 6834.00, down by 1.04% or Rs 72.00 from its previous closing of Rs 6906.00. The open interest of the contract stood at 10025.00 lots. The contract for June delivery was trading at Rs 6996.00, down by 0.96% or Rs 68.00 from its previous closing of Rs 7064.00. The open interest of the contract stood at 6465.00 lots on NCDEX.