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Turmeric: Gathha Variety Rises in Basmatnagar, Steady Elsewhere; Futures End Sharply Lower

13 Jan 2021 5:16 pm
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Mumbai (Commodities control) - Barring Gattha variety of turmeric in Basmatnagar that managed to rise by Rs 300, all the turmeric varieties were quoted unchanged in other mandis across India. Most of the South Indian mandis were shut on account of Pongal.

Prices of turmeric for Finger were unchanged at Basmatnagar amid arrivals of 2,500 bags vs 2,250 bags in the last session. Prices were quoted unchanged in Sangli mandi amid steady arrivals of 2,000 bags. At Warangal turmeric prices were unchanged amid arrivals of 100 bags.

In Nanded, Finger and Gathha varieties were quoted steady amid arrivals of 600 bags, unchanged from the last session.


On NCDEX, turmeric April and May futures declined sharply on Wednesday after positive closing in the last two sessions. April futures closed Rs 152 lower, while May futures ended Rs 52 weaker.


Turmeric futures ended higher in the previous session due to a pickup in demand from overseas buyers and forecast of a smaller crop in the current 2020-21 (Jul-Jun) season. Demand from domestic bulk buyers is expected to rise from next month when the quality of the new crop improves.

Commodity

Market

Variety

Price

Price

Prev_Price

Prev_Price

Change(Max Today-Prev Max)

Arrival

Turmeric

Basmatnagar

Gattha

5000

6000

5000

5700

300

2500

Turmeric

Basmatnagar

Finger

5200

6600

5200

6600

0

Turmeric

Sangli

Kadapa

5600

5700

5600

5700

0

Turmeric

Sangli

Rajapuri

6200

6700

6200

6700

0

2000

Turmeric

Warangal

Gattha

4200

4300

4200

4300

0

100

Turmeric

Warangal

Finger

4400

4500

4400

4500

0

Turmeric

Hingoli.

Finger

4800

6400

4800

6400

0

1000

Turmeric

Nanded

Gattha

5300

5700

5300

5700

0

600

Turmeric

Nanded

Finger

5450

6450

5450

6450

0



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