Turmeric futures traded lower on NCDEX as it is under correction at higher levels tracking drip in spot demand. Moreover, export of turmeric is reported to be down by 11.8% to 98,487 tonnes for the first 11 month of FY 2017/18 (Apr-Feb) compared to last years' exports.
The contract for May delivery was trading at Rs 7252.00, down by 1.41 % or Rs 104.00 from its previous closing of Rs 7356.00. The open interest of the contract stood at 405 lots.
The contract for June delivery was trading at Rs 7348.00, down by 0.70 % or Rs 52.00 from its previous closing of Rs 7400.00. The open interest of the contract stood at 18015 lots on NCDEX.