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Mumbai, July 12 (Commodities Control): Turmeric prices in the NCDEX markets have fallen after a brief recovery due to selling activity. Traders expect prices to remain within a border range until the expiry of the August contract. Prices fell by 1.3% in October contracts and by 1.2% in August contracts.
In major spot markets, turmeric prices showed mixed trends. Prices declined in Duggirala and Hingoli, while they rose in Nanded, with other centers remaining mostly stable. Local traders report that buyers are engaging in hand-to-mouth transactions to keep prices controlled. Despite the lower prices, there were fewer export inquiries.
Arrivals dropped to 6,785 bags from 8,807 bags in the previous session, reflecting reduced arrivals in most markets. Farmers anticipate a significant increase in acreage this season; however, if prices remain low, the increase may be less than expected.
NCDEX Spot Prices (Rs/Qtl)
- Nizamabad - NCDEX Polished: 16,552
- Nizamabad - NCDEX Unpolished: 15,740
- Sangli - NCDEX Rajapore: 18,020
NCDEX Future Prices (Rs/Qtl)
- October 2024: 15,916 (-196, -1.2%)
- December 2024: 16,618 (-226, -1.3%)
(By CommoditiesControl Bureau: +91-9820130172)
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