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Spot Turmeric Prices Mixed amid Restricted Demand, Average-to-Poor Quality Supplies; Futures Flat

29 Sep 2020 5:19 pm
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Mumbai (Commodities Control) - Spot turmeric prices were mixed across major mandis in the nation amid dull futures and mostly stable arrivals.

Turmeric futures on NCDEX October ended flat at Rs 5776, up Rs 8 and November futures closed at Rs 5856 (+6). Futures are range-bound amid lack of csupport from spot markets.

Prices upped Rs 100 each for Finger variety at Nizamabad mandi, amid unchanged arrivals of 2,000 bags on Tuesday, at Rs 5800 per Quintal. Meanwhile other varieties were priced steady amid weak demand.

In Warangal, Finger and Gathha varieties of turmeric were quoted steady amid reduced arrivals of 300 bags on Tuesday vs 500 bags in the last session.

Turmeric prices slid Rs 200 per Quintal at Kesamudram mandi due to arrivals of substandard, pest-eaten supplies. Mandi registered arrivals of 200 bags vs 150 bags in the last session. Gattha variety was quoted unchanged at Rs 4200-4300 per Quintal, while Finger variety rose was priced lower at Rs 4300-4500 per Quintal.

Turmeric prices dropped Rs 200 in Erode mandi due to slack demand amid arrivals of 1,900 bags down 1,000 bags from last session. Prices were,meanwhile, quoted steady at Erode mandis amid unchanged arrivals of 1,500 bags.

Turmeric Merchants of Erode reveal that, decrease in prices is due to poor upcountry demand and also the quality of the turmeric. The traders have received some local demand from the turmeric powder grinding units and also from ‘masala’ firms.

Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Turmeric

Nizamabad

Gattha

5600

5600

5600

5600

0

2000

Turmeric

Nizamabad

Finger

5800

5800

5700

5700

100

Turmeric

Nizamabad

D P Finger

6600

6600

6600

6600

0

Turmeric

Nizamabad

D P Gattha

6500

6500

6500

6500

0

Turmeric

Warangal

Gattha

4200

4400

4200

4400

0

300

Turmeric

Warangal

Finger

4400

4500

4400

4500

0

Turmeric

Kesamudram

Gattha

4200

4300

4400

4500

-200

200

Turmeric

Kesamudram

Finger

4300

4500

4500

4700

-200

danki arrival

Turmeric

Erode

Finger

5800

6000

5800

6200

-200

1900

Turmeric

Erode

Gattha

5300

5600

5500

5800

-200

Turmeric

Nanded

Gattha

5200

5400

5200

5400

0

1500

Turmeric

Nanded

Finger

5200

5700

5200

5700

0


       
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