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Spot Turmeric Prices Remain Stable

6 Dec 2018 4:22 pm
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MUMBAI (Commoditiescontrol) - Spot turmeric prices remained mostly steady at major markets in the country on Thursday due to very low trading activities.

All major markets remained closed In Telangana for assembly elections on December 7.  As per market participants, arrivals are likely to increase after the counting of votes on December 11.

Prices remained steady at major markets in Maharashtra due to availability of mostly low quality stocks.

Meanwhile, farmers are also restraining themselves from bringing produce as they are expecting higher prices ahead as various political parties have promised them to bring MSP like formula for turmeric in the state.

At the National Commodity and Derivatives Exchange (NCDEX), turmeric for December delivery was trading lower by Rs 20, or 0.31 percent to Rs 6,350 per quintal. While, the April contract moved down by Rs 66 or 0.99 percent at Rs 6,578 per quintal (16:15 hrs IST).


Rates in Rs 100/kg:


Market

Verity

Min (100/Kg)

Max (100/Kg)

Arrival

Basmatnagar

Gattha

6700

6900

500

Basmatnagar

Finger

7000

7800

 

Erode

Finger

7500

7800

5900

Erode

Gattha

6400

6600

 

Hingoli

Finger

6000

7100

900

Nanded

Gattha

6800

7200

700

Nanded

Finger

7500

7800

 

 
(By Commoditiescontrol Bureau) 

 

 


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