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Turmeric: Spot Prices Mixed, Futures Settle Higher

18 May 2020 7:23 pm
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Mumbai (Commodities Control) – Turmeric prices sprang into action after Centre’s announcement of relief packages to support lockdown hit economy. Enquiries were reported to have increased in mandis, which is why even futures prices recovered from 6-year lows.

NCDEX June contract settled up Rs 70 at Rs 5350/Quintal after having touched 6-year lows.

In spot markets, turmeric prices in Nanded were quoted Rs 100-200 higher at Rs 5100-5400 for Gatta variety and Rs 5100-6900/Quintal for finger variety. The mandi reported arrival of 5000 bags today.

While Erode reported arrivals of 2000 bags and the yellow price slipped Rs 300 in case of finger variety which was quoted at Rs 5800-600, while Gattta was priced at Rs 5400-5600/Quintal, down Rs 100.

Arrivals of 8000 bags were reported in Basmatnagar. Gatta variety, here, was quoted Rs 200 down at Rs 4800-5400 and finger variety was priced at Rs 5600-5900/Quintal.

(Commodities Control Bureau)

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