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Turmeric: 'Gathha' Rises, 'Finger' Pares Gain in Major Spice Mandis; Futures End Mixed

21 Jan 2021 5:56 pm
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Mumbai (Commodities control) - Turmeric variety of Finger variety pared all its gains from the previous session and shed Rs 100-200 in apex mandis of Nizamabad, Erode, while Gathha variety edged higher on Thursday.


DP gathha and DP Finger edged up by Rs 100 each, while Gathha variety was steady amid arrivals of 1,500 bags of yellow spice. Turmeric prices settled steady in Basmatnagar, Sangli and Warangal amid arrivals of 3,000 bags, 2,000 bags and 100 bags respectively.


Gathha variety of turmeric inched Rs 100 higher in Nanded mandi amid arrivals of 1,250 bags vs 1,100 bags.


On NCDEX, turmeric April futures closed Rs 42 lower and May futures settled flat-to-positive on Thursday.


According to the traders, Turmeric prices are holding up in primary agricultural markets on pick up in demand and fears of lower production this year.


During the 2019-20 season (July-June), India’s turmeric production was estimated at 9.46 lakh tonnes compared to 9.61 lakh tonnes the previous year, despite the area under the crop rising by 4,000 hectares to 2.57 lakh hectares.


Market expects turmeric production to be around last year’s level, though the trade was talking of plus or minus 10 percent.


The turmeric crop has begun arriving in Telangana and Andhra Pradesh since early this month, while it will start in other parts of the country in a month’s time.


Exports have helped turmeric prices gain. Exports have increased by nearly 40 per cent this fiscal, with Bangladesh being a major buyer.


Commodity

Market

Variety

Price

Price

Prev_Price

Prev_Price

Change(Max Today-Prev Max)

Arrival

Turmeric

Nizamabad

Gattha

5700

5800

5400

5800

0

1500

Turmeric

Nizamabad

Finger

5800

5900

5500

6000

-100

Turmeric

Nizamabad

D P Finger

6700

6800

6500

6700

100

Turmeric

Nizamabad

D P Gattha

6500

6600

6400

6500

100

Turmeric

Basmatnagar

Gattha

5150

6200

5150

6200

0

3000

Turmeric

Basmatnagar

Finger

5200

6000

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

Erode

Finger

6400

6500

6500

6700

-200

2700

Turmeric

Erode

Gattha

5800

5900

5700

5900

0

Turmeric

Hingoli.

Finger

5000

6800

5000

6800

0

2000

Turmeric

Nanded

Gattha

6000

6200

5900

6100

100

1250

Turmeric

Nanded

Finger

5800

7000

6000

7000

0



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