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Spot Turmeric Rules Weak On Higher Arrivals

15 Apr 2019 7:21 pm
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MUMBAI (Commoditiescontrol) - Spot turmeric prices ruled weak at major markets of Andhra Pradesh, Telangana, Tamil Nadu and Maharashtra on Monday due to higher arrivals and tracking weakness in futures.

Turmeric futures traded lower on NCDEX on account of profit-booking. Furthermore, fresh/new arrivals and good production prospects also wighed on prices.spot market.

At the National Commodity and Derivatives Exchange NCDEX), turmeric for May delivery traded lower by Rs 232, or 3.51 percent, at Rs 6,376 per quintal with an open interest of 18,185 lots.

Similarly, the spice for delivery in April declined by Rs 202, or 3.08 per cent, to Rs 6,360 per quintal with an open interest of 175 lots.

Commodity Market Verity Min (100/Kg) Max (100/Kg) Arrival Bag Weight
Turmeric Nizamabad Gattha 5800 5900 64000 60 kg
Turmeric Nizamabad Finger 6300 6400 60 kg
Turmeric Nizamabad D P Finger 6800 6900 60 kg
Turmeric Nizamabad D P Gattha 6700 6800 60 kg
Turmeric Duggirala Gattha 5500 6000 600 70 kg
Turmeric Duggirala Finger 5500 6000 70 kg
Turmeric Basmatnagar Gattha 5800 6300 13000 60 kg
Turmeric Basmatnagar Finger 6100 7100 60 kg
Turmeric Erode Finger 7200 7300 6600 75 kg
Turmeric Erode Gattha 6400 6500 75 kg
Turmeric Nanded Gattha 6000 6500 5000 70 kg
Turmeric Nanded Finger 6000 7000 70 kg

(By Commoditiescontrol Bureau)

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