Commodities

Turmeric: Futures rise, spot loses

Our Correspondent Erode | Updated on June 25, 2020 Published on June 25, 2020

Turmeric futures registered a rise on Thursday by gaining ₹50-60 a quintal. But, spot market traded in red.

“ Today, 4,156 and odd bags arrived for sale and on an average 70 per cent was sold,” said RKV Ravishanakar, President, Erode Turmeric Merchants Association.

Finger turmeric decreased by ₹150 a quintal due to quality.

At the Erode Turmeric Merchants Association Sales Yard, finger turmeric was sold at ₹5,339-6,417 a quintal, root variety was sold at ₹4,429-6,036 a quintal. Of the arrival of 2,204 bags, 911 were sold.

At the Regulated Marketing Committee, finger turmeric went for ₹5,019-6,214 a quintal and root variety was sold at ₹4,711-5,888. Of the 983 bags on offer, 774 were traded.

At the Erode Cooperative Marketing Society, finger turmeric was sold at ₹5,411-6,174 a quintal, while root variety was sold at ₹5,329-5,869. Of the 897 bags offered for sale, 851 found takers.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, finger turmeric fetched ₹5,569-6,199 a quintal, root variety was sold at ₹5,422-5,762. All the 72 bags on offer were traded.

Published on June 25, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.