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Steady Trend In Spot Turmeric Prices

20 Feb 2020 7:37 pm
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MUMBAI (Commoditiescontrol) - Spot turmeric prices ruled unchanged at the major Duggirala, Basmatnagar and Erode markets on Thursday amid sluggish trade.

A total of 4,000 bags (1 bag = 65 kg) of spice arrived at the Erode market, while the Basmatnagar and Duggirala markets received 2,000 and 1,000 bags of spice, respectively.

According to traders, the moisture in the new turmeric is very high while the quality of the old is weak. Because of this big deals are not happening in the market.

At the National Commodity and Derivatives Exchange (NCDEX), turmeric for delivery in April ended lower by Rs 64 or 1.04 percent to Rs 6,100 per quintal after moving in the range of Rs 6,236 and Rs 6,090 per quintal.

Commodity

Market

Variety

Min

Max

Min Previous Day

Max Previous Day

Arrival

Turmeric

Duggirala

Gattha

5300

5400

5300

5400

1000

Turmeric

Duggirala

Finger

5500

5600

5500

5600

Turmeric

Basmatnagar

Gattha

5000

5600

5000

5600

2000

Turmeric

Basmatnagar

Finger

5000

6200

5000

6200

Turmeric

Erode

Finger

5800

6000

5800

6000

4000

Turmeric

Erode

Gattha

5400

5600

5400

5600


       
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