Turmeric futures declined on NCDEX on weak domestic as well as export demand against adequate supplies from producing belts. The sentiments weakened further as Monsoon rains spread to interior parts of southern India and improving prospects of planting for the crop.
The contract for June delivery was trading at Rs 5834.00, down by 0.14% or Rs 8.00 from its previous closing of Rs 5842.00. The open interest of the contract stood at 1655.00 lots.
The contract for July delivery was trading at Rs 5950.00, down by 0.53% or Rs 32.00 from its previous closing of Rs 5982.00. The open interest of the contract stood at 14390.00 lots on NCDEX.
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