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Steady Trend In Spot Turmeric Prices On Limited Demand

23 Jan 2020 7:11 pm
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MUMBAI (Commoditiescontrol) - Spot turmeric prices ruled steady at major markets in the country on Thursday due to limited demand from local and overseas buyers.

A total of 5,000 bags (1 bag = 65 kg) of spice arrived at various markets today.

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.

As per the Spices Board data, the total crop in 2019 was 929,967 tonnes.

At the National Commodity and Derivatives Exchange (NCDEX), turmeric for delivery in March ended lower by Rs 18 or 0.29 percent at Rs 6,220 per quintal after moving in the range of Rs 6,262 and Rs 6,178 per quintal.

Commodity

Market

Variety

Min

Max

Min Previous Day

Max Previous Day

Change(Max Today-Prev Max)

Arrival

Turmeric

Nizamabad

Gattha

6000

6000

6000

6000

0

4000

Turmeric

Nizamabad

Finger

6200

6200

6200

6200

0

Turmeric

Nizamabad

D P Finger

7200

7200

7200

7200

0

Turmeric

Nizamabad

D P Gattha

7000

7000

7000

7000

0

Turmeric

Duggirala

Gattha

5400

5500

1000

Turmeric

Duggirala

Finger

5600

5750

Turmeric

Erode

Finger

6300

6400

6300

6400

0

...

       
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