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Spot Turmeric Prices Drop On Arrival Pressure, Sluggish Demand

25 Feb 2020 8:37 pm
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MUMBAI (Commoditiescontrol) - Spot turmeric prices ruled weak at the major Nizamabad market on Tuesday amid a rise in new crop arrivals.

A total of 16,000 bags (1 bag = 65 kg) of spice arrived at the Nizamabad market, while the Erode and Basmatnagar markets received 2,600 and 1,000 bags of spice, respectively.

According to traders, the arrival of new crops is increasing day by day, while the demand is very sluggish.

At the National Commodity and Derivatives Exchange (NCDEX), turmeric for delivery in April ended unchanged at Rs 5,954per quintal.

Commodity Market Variety Min Max Min Max Change(Max Today-Prev Max) Arrival
Turmeric Nizamabad Gattha 5400 5400 5200 5500 -100 16000
Turmeric Nizamabad Finger 5700 5700 5200 5700 0
Turmeric Nizamabad D P Finger 6500 6500 6500 6700 -200
Turmeric Nizamabad D P Gattha 6300 6300 6500 6600 -300
Turmeric Basmatnagar Gattha 5200 5700 5000 5600 NA 1000
Turmeric Basmatnagar Finger 6200 6200 5000 6200 NA
Turmeric Erode Finger 6400 6500 6200 6500 0 2600
Turmeric Erode Gattha 6000 6200 0 0 0
Turmeric Nanded Gattha 5200 6100 5200 6100 0 400/500
Turmeric Nanded Finger 5400 6300 5400 6300 0


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