Turmeric futures traded lower on NCDEX on the account of offloading of positions by speculators, driven by subdued demand in the spot market. Besides, adequate stock position in the spot market along with higher arrivals in the physical markets also put pressure on the commodity prices.
The contract for May delivery was trading at Rs 6616.00, down by 0.63% or Rs 42.00 from its previous closing of Rs 6658.00. The open interest of the contract stood at 8425.00 lots.
The contract for June delivery was trading at Rs 6758.00, down by 0.47% or Rs 32.00 from its previous closing of Rs 6790.00. The open interest of the contract stood at 7715.00 lots on NCDEX.
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