New Delhi, December 5 (CommoditiesControl): Turmeric prices showed a mixed trend today, with some markets experiencing price drops while others saw increases. In Nizamabad, Warangal, and Kadapa, prices fell by ₹100-200 per quintal, while Erode and Basmatnagar markets saw price increases. The limited supply, caused by a lower crop in the previous season, has kept prices stable within a wide range over the past 18-20 sessions.
Market sources report that the crop is in good to excellent condition, with minimal weather anomalies. Harvesting is set to begin next month, which has prompted stockists to liquidate their inventories in anticipation of the new crop, while buyers are purchasing on a need-basis.
Arrivals totaled 8,330 bags today, down from 10,920 bags in the previous session, primarily due to lower arrivals in Nanded and Kadapa. Over the last 10-12 sessions, arrivals have ranged between 8,000 and 12,000 bags. Given the limited stock, arrivals are expected to remain low in the coming days until the new crop begins to arrive.
On the NCDEX, turmeric futures prices saw a decline, with the December contract dropping by ₹174 (1.3%) to ₹13,180 per quintal and the April contract falling by ₹76 (0.5%) to ₹14,250 per quintal. As the December expiration approaches, prices may remain range-bound in the coming sessions, with further downward pressure expected as new crop arrivals loom.
NCDEX Spot Prices (₹/Qtl):
- Nizamabad NCDEX Polished: ₹13,915
- Nizamabad NCDEX Unpolished: ₹13,278
- Sangli NCDEX Rajapore: ₹15,822
NCDEX Future Prices (₹/Qtl):
- Dec-24: ₹13,180 (-174, -1.3%)
- Apr-25: ₹14,250 (-76, -0.5%)
Turmeric contract for DEC delivery settled at Rs 13190/quintal showing an fall of Rs -174 over previous close of Rs 13364/quintal,The contract moved in the range of Rs 13180-13362 for the day. Open interest decreased by -35 MT to 7670 MT, while trading volume decreased by -805 to 850 MT.
Turmeric contract for APR delivery settled at Rs 14250/quintal showing an fall of Rs -76 over previous close of Rs 14326/quintal,The contract moved in the range of Rs 14204-14340 for the day. Open interest increased by 235 MT to 6385 MT, while trading volume decreased by -1205 to 545 MT
Currently The spread between DEC and APR contract is -1060 Rs/quintal.
Turmeric stock in NCDEX accredited warehouse as on 3508, was 05-Dec-2024 MT.
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
