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Turmeric: Spot Prices Stable amid Steady Arrivals; Futures End in Green

1 Oct 2020 6:01 pm
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Mumbai (Commodities Control) - Spot turmeric prices were steady-to-firm across major mandis amid strong futures.

Turmeric futures on NCDEX October ended at Rs 5800, up Rs 24 and November and December futures closed at Rs 40 and Rs 32 higher,respectively.
Turmeric futures ended lower in the previous session due to higher arrivals and weak demand from domestic and overseas buyers.

Prices of most turmeric varieties were unchanged from last session at Nizamabad mandi, amid steady arrivals of 2,000 bags today. Finger variety was priced Rs 100 higher at Rs 5800 per Quintal.


In Warangal, Finger and Gathha varieties of turmeric were quoted steady amid steady arrivals of 300 bags on Thursday.


Turmeric prices rose Rs 100 each for Gattha and Finger varieties per Quintal at Kesamudram mandi amid arrivals of 200 bags. Gattha variety was quoted at Rs 4300-4500 per Quintal, while Finger variety was priced firm at Rs 4500-4700 per Quintal.


Turmeric prices were quoted steady for both the varieties at Nanded and Erode mandis amid arrivals of 1,500 bags and 2,500 bags, respectively.


Turmeric Merchants of Erode reveal that, prices are struggling due to poor upcountry demand and also the quality of the turmeric.

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

4500

4600

4500

4600

0

Turmeric

Kesamudram

Gattha

4300

4500

4300

4400

100

200

Turmeric

Kesamudram

Finger

4500

4700

4300

4600

100

Turmeric

Erode

Finger

5800

6000

5800

6000

0

2500

Turmeric

Erode

Gattha

5300

5600

5300

5600

0

Turmeric

Nanded

Gattha

5200

5400

5200

5400

0

1500

Turmeric

Nanded

Finger

5200

5700

5200

5700

0



       
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