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Turmeric : Firm Spot, Weak Futures

5 Aug 2020 6:08 pm
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Mumbai (Commodities Control) - Turmeric was quoted generally steady amid dull trading session in the markets.

Although amid better quality arrivals, Root variety was quoted Rs 100-200 higher. However only 55% of the arrivals were sold due to higher prices.

Guntur reported arrivals of 2400 bags of turmeric. Gatta variety was priced at Rs 5400-5600 and Finger variety was quoted at Rs 5,800-6,200 per Quintal. Root variety was priced at Rs 4,861-5,819 per Quintal.

Hingoli of Maharashtra reported arrivals of 4000 bags, as Finger variety was quoted at Rs 4900-5300 and Finger variety was priced at Rs 5800-6000 per Quintal.

Traders attribute dull trading session in turmeric mandis to rising cases of coronavirus in Nizamabad of Andhra Pradesh along with other major parts of the country.

Meanwhile futures market pared early gains and NCDEX August contract settled Rs 30 lower at Rs 5800 per Quintal; lowest level during the session. The contract touched day’s high at Rs 5868. September futures ended Rs 22 lower at Rs 5900 per Quintal.

(Commodities Control Bureau)

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