Turmeric futures edge lower on higher stocks

Turmeric futures edged lower on NCDEX on the back of sluggish North Indian demand and higher stocks in the physical market. Moreover, adequate supplies from producing belts against slackness in overseas demand also put pressure on the yellow spice prices. The contract for June delivery was trading at Rs 5990.00, down by 1.09% or Rs 66.00 from its previous closing of Rs 6056.00. The open interest of the contract stood at 13540.00 lots. The contract for July delivery was trading at Rs 6130.00, down by 1.16% or Rs 72.00 from its previous closing of Rs 6202.00. The open interest of the contract stood at 3230.00 lots on NCDEX.