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Turmeric Futures Ends the Week on Dull Note in Absence of Positive Spot Cues

30 Oct 2020 5:49 pm
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Mumbai (Commodities Control) - Most of the spot markets were shut on the account of Eid-e-Milad and Kojagari Poornima as well.


Meanwhile in the Spot turmeric markets of Nizamabad and Nanded, prices were generally weak-to-flat due to higher arrivals and bleak demand for the spice.


All the turmeric varieties were quoted unchanged in Nizamabad mandi, barring Finger variety that dropped Rs 100 per Quintal, amid arrivals of 2,000 bags vs 1,500 bags in the last session.


On NCDEX, November-December futures ended lower, for the fifth straight session, at Rs 5,820 (-16) and Rs 5,920 (-4) per Quintal, respectively. The current month shed nearly Rs 200 this week. Turmeric futures closed lower due to absence of strong demand from bulk buyers amid ample carryover stocks in the market


Turmeric prices were steady at Nanded mandis amid arrivals of 2,000 bags vs 1,000 bags in the previous session.


Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Turmeric

Nizamabad

Gattha

5700

5700

5700

5700

0

2000

Turmeric

Nizamabad

Finger

5800

5800

5900

5900

-100

Turmeric

Nizamabad

D P Finger

6700

6700

6700

6700

0

Turmeric

Nizamabad

D P Gattha

6600

6600

6600

6600

0

Turmeric

Nanded

Gattha

5200

5400

5100

5400

2000

Turmeric

Nanded

Finger

5300

5700

5100

5700




       
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