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Turmeric Close At Upper circuit , Spot Steady To Firm

11 Dec 2019 6:55 pm
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MUMBAI (Commoditiescontrol) - Spot turmeric prices were up by Rs 100-200/quintal at the Nizamabad and Basmatnagar on the news that Andhra Pradesh government will announce Minimum support price for Turmeric. While it was steady at Warangal and Erode markets on Wednesday.

Today, around 6640 bags of turmeric arrived in the spot markets. But the quality was reported inferior.

News of AP government announcing minimum support prices triggered short-covering in futures market that resulted in futures market closing at 4 % upper circuit.

At the National Commodity and Derivatives Exchange (NCDEX), turmeric for delivery in December ended higher by Rs 230 or 4 percent to Rs 6,008/quintal.

Commodity Market Variety Min Max Min Previous Day Max Previous Day Change(Max Today-Prev Max) Arrival
Turmeric Nizamabad Gattha 5800 5800 5700 5700 100 1200
Turmeric Nizamabad Finger 6000 6000 5900 5900 100
Turmeric Nizamabad D P Finger 7000 7000 6900 6900 100
Turmeric Nizamabad D P Gattha 6800 6800 6700 6700 100
Turmeric Basmatnagar Gattha 5300 6200 5000 6000 200 4000
Turmeric Basmatnagar Finger 5400 6700 5200 6500
Turmeric Warangal Gattha 5000 5000 5000 5000 0 40
Turmeric Warangal Finger 5400 5400 5300 5300 100
Turmeric Erode Finger 6300 6400 6300 6400 0 1400
Turmeric Erode Gattha 6000 6100 6000 6100 0

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