Turmeric prices plunged by 2.81 per cent to Rs 4,918 per quintal in futures trade today as speculators offloaded their positions, tracking a weak trend at spot market on sluggish demand against adequate supplies.
At the National Commodity and Derivatives Exchange, turmeric for delivery in September plunged by Rs 142, or 2.81 per cent to Rs 4,918 per quintal with an open interest of 18,895 lots. Similarly, the spice for delivery in August lost Rs 126, or 2.56 per cent to Rs 4,866 per quintal in 10,090 lots.
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