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Spot Turmeric Rises in Nanded, Steady in Sangli & Warangal; Futures Decline for Third Session

15 Jan 2021 6:10 pm
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Mumbai (Commodities control) - Most of the turmeric mandis continue to be shut due to celebrations of the harvest festival in the South of India-Pongal.

Barring Nanded mandi of Maharashtra, where turmeric varieties settled higher by Rs 300 and Rs 400 for Gattha and Finger varieties of turmeric, the yellow spice settled steady in Sangli and Warangal mandis amid unchanged arrivals of 2,000 bags and 100 bags respectively.

On NCDEX, turmeric April and May futures declined for the third consecutive session on Friday. April futures closed Rs 28 lower, while May futures ended Rs 70 weaker.

Turmeric futures on NCDEX ended lower due to weak demand and adequate carryover stocks in the market. Expectations of a rise in arrivals of the new crop after Makar Sankranti, the onset of the harvest season, may further weigh down prices.

Commodity

Market

Variety

Price

Price

Prev_Price

Prev_Price

Change(Max Today-Prev Max)

Arrival

Turmeric

Sangli

Kadapa

5600

5700

5600

5700

0

Turmeric

Sangli

Rajapuri

6200

6700

6200

6700

0

2000

Turmeric

Warangal

Gattha

4200

4300

4200

4300

0

100

Turmeric

Warangal

Finger

4400

4500

4400

4500

0

Turmeric

Nanded

Gattha

5800

6000

5300

5700

300

1250

Turmeric

Nanded

Finger

5800

6850

5450

6450

400



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