Turmeric futures traded lower on NCDEX due to higher arrivals and lower demand at the spot market. New crop arrivals have started in all the major producing centres of Andhra Pradesh, Telangana, Maharashtra, Odisha.
The contract for April delivery was trading at Rs 6384, down by 0.37% or Rs 24.00 from its previous closing of Rs 6408. The open interest of the contract stood at 11770 lots.
The contract for May delivery was trading at Rs 6472, down by 0.4% or Rs 26.00 from its previous closing of Rs 6498. The open interest of the contract stood at 7355 lots on NCDEX.