Turmeric futures edge lower on profit booking

Turmeric futures edged lower on NCDEX as speculators booked profits at prevailing higher levels, driven by weak demand in the spot market. Besides, adequate stock position in the spot market along with higher arrivals in the physical markets also dampened the sentiments. The contract for May delivery was trading at Rs 6684.00, down by 0.77% or Rs 52.00 from its previous closing of Rs 6736.00. The open interest of the contract stood at 9355.00 lots. The contract for June delivery was trading at Rs 6834.00, down by 0.67% or Rs 46.00 from its previous closing of Rs 6880.00. The open interest of the contract stood at 6925.00 lots on NCDEX.