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Spot Turmeric Trades Flat Across Major Spice Mandis; Futures Close Positive

18 Jan 2021 6:54 pm
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Mumbai (Commodities control) - Turmeric prices in major spot markets settled flat on Monday, reopening after extended celebrations of the harvest festival in the South of India last week.

The yellow spice settled steady in Nizamabad mandi and Basmatnagar amid arrivals of 5,500 bags and 3,000 bags respectively. Turmeric was quoted unchanged in Sangli and Warangal mandis amid stable arrivals of 2,000 bags and 100 bags respectively.

On NCDEX, turmeric April and May futures settled a tad bit higher on Monday, after three consecutive sessions of decline last week. April futures closed Rs 34 higher, while May futures ended Rs 6 stronger.


Turmeric futures on NCDEX ended lower last week, due to weak demand and adequate carryover stocks in the market. Expectations of a rise in arrivals of the new crop with the onset of the harvest season, also weighed down prices


Commodity

Market

Variety

Price

Price

Prev_Price

Prev_Price

Change(Max Today-Prev Max)

Arrival

Turmeric

Nizamabad

Gattha

5400

5600

0

5500

Turmeric

Nizamabad

Finger

5500

5800

0

Turmeric

Nizamabad

D P Finger

6500

6600

0

Turmeric

Nizamabad

D P Gattha

6400

6500

0

Turmeric

Basmatnagar

Gattha

5150

6200

0

3000

Turmeric

Basmatnagar

Finger

5200

6000

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

5000

6500

0

1000



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