Login ID:
Password:
Partner Login
Contact Us : 7066511911

Spot Turmeric Continues To Rule Stable

22 Jan 2020 7:48 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Spot turmeric prices ruled steady at the major Erode market on Wednesday due to limited demand from local and overseas buyers and on expectations of a higher crop.

A total of 3,500 bags (1 bag = 65 kg) of spice arrived at the Erode market today. While no arrival was reported at other major markets.

According to traders, the outlook for turmeric remains weak as arrivals of the fresh crop have started in key spot markets of Nizamabad, and are likely to gain momentum in the coming weeks.

This season, crop has been delayed by a fortnight as late rains led to poor weather conditions and drying the crop took more time than usual which hampered the arrivals and moisture increased.

Prices are also likely to decline due to expectations of a rise in production in 2019-20 (Jul-Jun) to 1.5-1.6 million bags, against over 1.2 million bags last year, according to industry estimates.

At the National Commodity and Derivatives Exchange (NCDEX), turmeric for delivery in March ended lower by Rs 52 or 0.83 percent at Rs 6,212 per quintal. Similarly, turmeric contracts for April delivery declined by Rs 16, or 0.26 percent, to Rs 6,136 per quintal.

Commodity

Market

Variety

Min

Max

Min Previous Day

Max Previous Day

Change(Max Today-Prev Max)

Arrival

Turmeric

Erode

Finger

6300

6400

3500

Turmeric

Erode

Gattha

6000

6100


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Spot Red Chilli Up At Warangal On Increased Export Dema...
Spot Jeera Rules Steady; Futures End Lower
Spot Turmeric Firm At Nizamabad On Low Level Buying
Spot Coriander Prices Remain Steady Amid Limited Demand...
Cardamom Afternoon Auctions Called Off Due To Lower Arr...
more
Top 5 News
New Chana Gain In kar/Mah; Old Chana Weak At Selective ...
NYMEX NG Ups 6% On Colder Weather Forecast
Domestic Tur Weakens At Major Markets On Dull Buying, H...
2nd Adv Est: India's Pulses Production At 23.02 Million...
Spot Mentha Weakens On Sluggish Demand
Top 5 Special Reports
Chana Indore (Kabuli 42-44 Count Spot) - Bearish Price ...
Mumbai Lentil (Masoor) - Pullback Extends Further / Nex...
Kolkata Pea(Matar)-May Decline Further Towards Channel ...
USD/INR (Feb. 20) Neutral Stance: Prices Consolidati...
USD/INR (Feb. 20) Neutral Stance: Prices Consolidati...
Copyright © CC Commodity Info Services LLP. All rights reserved.