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Turmeric : Flat Spot, Weak Futures

13 Aug 2020 7:01 pm
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Mumbai (Commodities Control) -Spot turmeric prices were quoted steady amid average trading session. However the futures weakened amid sell-off in today’s session, as NCDEX September contract dropped Rs 38 to end at Rs 5,818 per Quintal.

Warangal mandi of Telangana registered arrivals of nearly 2000 bags of turmeric, as Gatta variety was quoted at Rs 4200-4300 and Finger variety was quoted at Rs 4500-4700 per Quintal.

Meanwhile Erode mandi of Tamil Nadu reported arrivals of 3000 bag. Gatta variety was quoted at Rs 5400-5600 per Quintal, while Finger variety was priced unchanged at Rs 5900-6200 per Quintal.

Nanded mandi of Maharashtra registered arrivals of nearly 1700 bags, while prices remained unchanged. Finger variety was quoted at Rs 5000-5700 and Gatta variety was priced at Rs 5100-5200 per Quintal.

Traders reveal that fewer buyers are in the market at the moment and there’s majority of local demand being witnessed.

Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Turmeric

Warangal

Gattha

4200

4300

4200

4300

0

2000

Turmeric

Warangal

Finger

4500

4700

4500

4700

0

Turmeric

Erode

Finger

5900

6200

5900

6200

0

3000

Turmeric

Erode

Gattha

5400

5600

5400

5600

0

Turmeric

Nanded

Gattha

5100

5200

5100

5200

0

1700

Turmeric

Nanded

Finger

5000

5700

5000

5700

0



       
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