Ncdex Tips

According to market sources, turmeric in the Nizamabad mandi stood at Rs 5,100 per quintal and the arrivals reported at 700 bags.

Turmeric price quoted in the Erode mandi at Rs 5,500 per quintal, up Rs 300 and arrivals reported at 5,000 bags. The Salem variety traded at Rs 6,000 per quintal.

In the Nanded mandi of Maharashtra, select quality quoted at Rs 6000 per quintal. The Powder quality traded in the range of Rs 4,500-5,000 per quintal.

The NCDEX Turmeric December contract moved in the range of Rs 5,118-5,010 per quintal and is currently trading at Rs 5,054, down by Rs 58 or 1.13% over the last close.