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Turmeric Trades Steady In Major Sport Markets

10 Jul 2020 11:12 pm
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Mumbai (commodities control) - Turmeric trade in spot markets was reported to be steady whereas it fell sharply in NCDEX futures on reports of higher sowing intention for the ongoing Kharif season.

Nizamabad mandi registered lower arrival of 4000 bags against arrivals of 10,000 bags on the previous day. Finger variety was quoted Rs5700 while Gatta was quoted at Rs 5400 per quintal.

Warangal mandi reported the arrival of 2000 bags. Gatta was quoted Rs4200-4400 per quintal and finger was quoted Rs 4400-4700 per quintal.

Erode mandi reported arrivals of 2,000 bags while price remained unchanged from the previous day.

Meanwhile in NCDEX Futures July contract slipped Rs 76 to settle at Rs 5590 per quintal. July contract will expire on 17th of this month. August contract was down by Rs 66 at Rs 5673/quintal.

As per traders higher sowing intention mainly in Maharashtra.The rapid spread of COVID-19 and lockdown in many parts of the country impacting demand. Market is likely to remain subdued in the near term.

Commodity Market Variety Min Max Min Max Change(Max Today-Prev Max) Arrival
Turmeric Nizamabad Gattha 5400 5400 5400 5400 0 4000
Turmeric Nizamabad Finger 5700 5700 5600 5700 0
Turmeric Nizamabad D P Finger 6600 6500 6600 6500 0
Turmeric Nizamabad D P Gattha 6300 6400 6400 6400 0
Turmeric Warangal Gattha 4200 4400 na 2000
Turmeric Warangal Finger 4400 4700 na
Turmeric Kesamudram Gattha 4800 5000 na 5000
Turmeric Kesamudram Finger 4700 5100 na
Turmeric Erode Finger 6300 6500 6300 6500 0 2000
Turmeric Erode Gattha 5500 5800 5500 5800 0

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