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Spot Turmeric Prices Steady Amid Reduced Arrivals; Mixed Trend in Futures

18 Sep 2020 5:03 pm
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Mumbai (Commodities Control) - Spot Turmeric prices were registered on Friday as the market resumed normal operations after ‘Amavasya’ in the previous session. Major mandis reported reduced arrivals as compared with that on 16th September.

On 17th September, barring Erode mandi of Tamil Nadu, all other mandis across India were shut on the account of Amavasya.


At 4.55 pm, turmeric futures on NCDEX October traded higher at Rs 5928 (+32), however November futures were trading weak at Rs 6008 (-14). September contract expires today.

Prices were quoted steady as compared with Wednesday’s session at Nizamabad mandi, as arrivals reduced to 2,000 bags vs 3,000 bags on 16th September. Gattha and Finger varieties were priced flat at Rs 5600 and Rs 5800 per Quintal, respectively.

DP Finger variety dropped Rs 100 in Warangal despite lower arrivals of 700 bags vs 800 bags on Wednesday. However, Gattha variety was quoted steady at Rs 4200-440 per Quintal.


Turmeric prices at kesamudram and Erode mandi were reported to be unchanged amid arrivals of 200 bags and 2600 bags, respectively. However Gathha variety at Nanded mandi rose Rs 100 to be quoted at Rs 5200-5400 amid lower arrivals of 1500 bags vs 2,000 bags on 16th September. Finger variety was priced flat at Rs 5200-5700 per Quintal.


Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Turmeric

Nizamabad

Gattha

5600

5600

5600

5600

0

2000

Turmeric

Nizamabad

Finger

5800

5800

5800

5800

0

Turmeric

Nizamabad

D P Finger

6600

6600

6600

6600

0

Turmeric

Nizamabad

D P Gattha

6500

6500

6500

6500

0

Turmeric

Warangal

Gattha

4200

4400

4200

4400

0

700

Turmeric

Warangal

Finger

4500

4600

4500

4700

-100

Turmeric

Kesamudram

Gattha

4500

4600

4500

4600

0

200

Turmeric

Kesamudram

Finger

4500

4700

4500

4700

0

Turmeric

Erode

Finger

5800

6200

5800

6200

0

2600

Turmeric

Erode

Gattha

5500

5800

5500

5800

0

Turmeric

Nanded

Gattha

5200

5400

5100

5300

100

1500

Turmeric

Nanded

Finger

5200

5700

5200

5700

0




       
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