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Turmeric : Steady Spot, Weak Futures

27 Oct 2020 8:50 pm
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Mumbai (Commodities Control) - Spot turmeric was quoted steady in all the major mandis on Tuesday, as the market resumes operations after an extended Dussehra holiday in the major mandis.

Last week, the yellow spice rose amid improved local and exports demand, and reduced arrivals at most of the mandis. Meanwhile, turmeric futures ended lower today.


Turmeric arrivals in Nizamabad mandi were reported at 1,500 bags vs 500 bags on Friday. All the turmeric varieties were priced stable for the third consecutive session, here.


Turmeric prices were steady at Erode mandi amid steady arrivals of 900 bags vs 1,200 bags in last session. Gathha and Finger varieties were quoted at Rs 5,500-5,700 and Rs 5,800-6,000 per Quintal, respectively.


Nanded mandi of Maharashtra registered arrivals that were unchanged as compared with last session at 1,000 bags, as Finger and Gattha variety turmeric were quoted flat.


On NCDEX, November-December futures ended lower at Rs 5,906 and Rs 5,968 per Quintal, respectively. Futures contracts of turmeric on the National Commodity and Derivatives Exchange closed lower, for a second consecutive session, due to absence of strong demand amid ample carryover stocks in the market.


Prices of turmeric were unavailable in the last session, as major markets such as Nizamabad and Erode were shut on account of extended holiday for Dussehra.



27/10/2020

26/10/2020

Turmeric

Nizamabad

Gattha

5800

5800

5800

1500

Turmeric

Nizamabad

Finger

5900

5900

5900

Turmeric

Nizamabad

D P Finger

6700

6700

6700

Turmeric

Nizamabad

D P Gattha

6600

6600

6600

Turmeric

Erode

Finger

5800

6000

6000

900

Turmeric

Erode

Gattha

5500

5700

5700

Turmeric

Nanded

Gattha

5200

5500

5500

1000

Turmeric

Nanded

Finger

5200

5800

5800



       
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