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Turmeric Futures Stuck in a Range Due to Weak Spot Cues; Prices Fall in Warangal, Sangli Mandis

4 Dec 2020 5:50 pm
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Mumbai (Commodities control) - Spot turmeric prices were steady-to-weak across major mandis across the country, while futures prices settled mixed on Friday.


On NCDEX, turmeric settled Rs 12 lower for December futures at Rs 5,522, while April futures settled Rs 34 higher at Rs 5,850 per Quintal.


Spot turmeric varieties were all quoted steady Nizamabad mandi amid arrivals of 1,500 bags vs 2,000 bags in the last session. Similarly, turmeric prices were quoted stable at Nanded mandi amid 800 bags and even Basmatnagar mandi reported steady prices for Gathha and Finger varieties amid unchanged arrivals of 3,500 bags.


However, Kadapa and Rajapuri varieties were quoted Rs 100 lower at Sangli mandi amid arrivals of 3,000 bags. At Warangal mandi, Gathha variety shed Rs 100, while Finger variety gained Rs 100 amid arrivals of 150 bags vs 50 bags in the last session.


Analysts see a range bound market for turmeric around Rs 5480-5560 per Quintal for December futures due to pressure of hefty carryover stocks.


Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Turmeric

Nizamabad

Gattha

5500

5700

5500

5700

0

1500

Turmeric

Nizamabad

Finger

5600

5800

5600

5800

0

Turmeric

Nizamabad

D P Finger

6500

6600

6500

6600

0

Turmeric

Nizamabad

D P Gattha

6400

6500

6400

6500

0

Turmeric

Basmatnagar

Gattha

4900

5500

4900

5500

0

3500

Turmeric

Basmatnagar

Finger

5000

6000

5000

6000

0

Turmeric

Sangli

Kadapa

5500

5600

5600

5700

-100

Turmeric

Sangli

Rajapuri

6200

6700

6200

6800

-100

3000

Turmeric

Warangal

Gattha

4200

4300

4300

4400

-100

150

Turmeric

Warangal

Finger

4600

4700

4500

4600

100

Turmeric

Nanded

Gattha

5000

5300

5000

5300

0

800

Turmeric

Nanded

Finger

5200

5700

5200

5700

0



       
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