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Spot Turmeric Ends Firm-to-Flat amid Reduced Arrivals, Positive Futures

20 Oct 2020 7:03 pm
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Mumbai (Commodities Control)- Spot turmeric prices were strong-to-steady on Tuesday, amid weather concerns in some producing regions and mostly reduced arrivals at major mandis. Meanwhile, turmeric futures settled in green, in continuation with a firm trend since last week.

Most of the turmeric mandis are affected due to heavy rains and flood-like situations in parts of South-India.

Turmeric arrivals in Nizamabad mandi were reported at 2,000 bags vs 3,000 bags in the last session. Barring Gatthha variety that upped Rs 100 to be quoted at Rs 5,700 per Quintal, all the other varieties were priced steady.

Meanwhile, Warangal reported arrivals of 100 bags today vs 200 bags in its last session, while arrivals halved at Kesamudram mandi as well, at 50 bags vs 100 bags in the previous session. Turmeric prices were quoted steady at both these mandis today.

Having said so, turmeric arrivals rose in Erode mandi at 1,900 bags vs 1,300 bags on Monday. It is interesting to note that Gathha and Finger varieties upped Rs 300 and Rs 100 to be quoted at Rs 5,400-5,600 and Rs 5,800-6,000 per Quintal, respectively, despite higher arrivals registered today.

Nanded mandi of Maharashtra, meanwhile, registered arrivals of 900 bags vs 1,000 bags of turmeric.

On NCDEX, November-December futures ended 0.3% to 0.46% higher at Rs 6,000 and Rs 6074, respectively. April’ 21 futures settled Rs 104 higher on Tuesday.

20/10/2020

19/10/2020

Turmeric

Nizamabad

Gattha

5700

5700

5600

5600

100

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

4300

4200

4300

0

100

Turmeric

Warangal

Finger

4400

4500

4400

4500

0

Turmeric

Kesamudram

Gattha

4400

4500

4400

4500

0

50

Turmeric

Kesamudram

Finger

4500

4600

4500

4600

0

Turmeric

Erode

Finger

5800

6000

5800

5900

100

1900

Turmeric

Erode

Gattha

5400

5600

5200

5300

300

Turmeric

Nanded

Gattha

5100

5300

5000

5200

100

900

Turmeric

Nanded

Finger

5100

5600

5100

5600

0



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