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Spot Turmeric Falls in Warangal, Nizamabad amid Higher Arrivals, Subdued Demand; Futures End Tad Bit Higher

27 Nov 2020 9:03 pm
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Mumbai (Commodities control) - Spot turmeric prices were Weak-to-steady on Friday, while the spice traded mixed in the previous session, across the major markets in India. Futures prices ended firm for active contract after four consecutive sessions of weaker closings.

On NCDEX, turmeric settled Rs 34 higher for December futures at Rs 5,538, while April futures settled flat at Rs 5,882 per Quintal respectively. The most active December contract has shed over Rs 200 between Monday and Thursday this week. The most-active contract touched a five-month low of 5,492 rupees per 100 kg in the last session, as demand from bulk domestic and foreign buyers was subdued.

Spot turmeric varieties – Gattha and DP Finger shed Rs 100 each in Nizamabad mandi, amid arrivals of 5,000 bags vs 4,000 bags in the last session. Meanwhile, the Gathha and finger varieties were quoted unchanged at Basmatnagar mandi amid arrivals of 3,500 bags.

Kadappa variety upped Rs 200 in Sangli, while Rajapuri was priced unchanged on Friday, amid arrivals of 2000 bags. Meanwhile at Warangal mandi, Gathha variety dipped Rs 100 to be quoted at Rs 4,200-4,300 amid arrivals of 75 bags vs 50 bags in the last session.

Turmeric prices were quoted stable at Kesamudram. All the varieties of the yellow spice were quoted flat at Erode and Nanded mandi amid arrivals of 1,800 (-700) bags and 1000 bags respectively.

Prices have been under pressure due to surplus stocks with traders.

Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Turmeric

Nizamabad

Gattha

5500

5600

5600

5700

-100

5000

Turmeric

Nizamabad

Finger

5700

5800

5600

5800

0

Turmeric

Nizamabad

D P Finger

6400

6500

6500

6600

-100

Turmeric

Nizamabad

D P Gattha

6500

6600

6500

6600

0

Turmeric

Basmatnagar

Gattha

4900

5300

4900

5300

0

3500

Turmeric

Basmatnagar

Finger

5000

5700

5000

5700

0

Turmeric

Sangli

Kadapa

5600

5700

5400

5500

200

Turmeric

Sangli

Rajapuri

6200

6800

5800

6800

0

2000

Turmeric

Warangal

Gattha

4200

4300

4300

4400

-100

75

Turmeric

Warangal

Finger

4500

4600

4500

4600

0

Turmeric

Kesamudram

Gattha

4300

4400

4300

4400

0

Turmeric

Kesamudram

Finger

4600

4700

4600

4700

0

Turmeric

Erode

Finger

6000

6100

6000

6100

0

1800

Turmeric

Erode

Gattha

5500

5700

5500

5700

0

Turmeric

Nanded

Gattha

5200

5400

5200

5400

0

1000

Turmeric

Nanded

Finger

5200

5600

5200

5600

0


       
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