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Selected Turmeric Varieties Rise in Nizamabad, Warangal Mandis; Futures Range-Bound

3 Dec 2020 7:54 pm
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Mumbai (Commodities control) - Spot turmeric prices were firm-to-steady on Thursday, while futures prices bounced back from the previous session to settle marginally higher. Nizamabad and Warangal mandis reported some action with turmeric prices, while other mandis witnessed stable prices.


On NCDEX, turmeric settled Rs 10 higher for December futures at Rs 5,504, while April futures settled Rs 40 higher at Rs 5,808 per Quintal.


Spot turmeric varieties were all quoted steady Nizamabad mandi, barring Gathha that was priced Rs 100 higher at Rs 5500-5700 per Quintal. The mandi registered arrivals of 2,000 bags vs 1,000 bags in the last session.

Gathha and finger varieties were quoted unchanged at Sangli mandi amid unchanged arrivals of 3,000 bags. Even Basmatnagar mandi reported steady prices for Gathha and Finger varieties amid arrivals of 3,500 bgs vs 3,000 bags of yellow spice in the last session.


However at Warangal mandi, Gathha variety gained Rs 100, while Finger variety shed Rs 100 amid arrivals of 50 bags vs 150 bags in the last session.


Meanwhile, Turmeric prices were quoted stable at Nanded mandi amid 800 bags.


Prices have been under range-bound due to ample carryover stocks.Traders see an output of 60-90 Lakh bags, with 1 Bag=60 Kgs, along with a hefty carryover stock of 45 lakh bags.



Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Turmeric

Nizamabad

Gattha

5500

5700

5500

5600

100

2000

Turmeric

Nizamabad

Finger

5600

5800

5600

5800

0

Turmeric

Nizamabad

D P Finger

6500

6600

6500

6600

0

Turmeric

Nizamabad

D P Gattha

6400

6500

6400

6500

0

Turmeric

Basmatnagar

Gattha

4900

5500

4900

5500

0

3500

Turmeric

Basmatnagar

Finger

5000

6000

5000

6000

0

Turmeric

Sangli

Kadapa

5600

5700

5600

5700

0

Turmeric

Sangli

Rajapuri

6200

6800

6200

6800

0

3000

Turmeric

Warangal

Gattha

4300

4400

4200

4300

100

50

Turmeric

Warangal

Finger

4500

4600

4600

4700

-100

Turmeric

Nanded

Gattha

5000

5300

5000

5300

0

800

Turmeric

Nanded

Finger

5200

5700

5200

5700

0



       
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