Turmeric price quoted steady at Rs 5,600 per 100 kg in Nizamabad mandi. The arrivals in the Erode mandi in the state of Tamil Nadu increased to 8,000 bags from 7,000 bags from 8,000 bags with prices quoting steady at Rs 4,500 per 100 kg. Meanwhile, in Salem crop sold at Rs 5,200 per 100 kg.
In the Nanded mandi of Maharashtra, select quality quoted at Rs 5,300 per 100 kg and the Powder quality traded at Rs 4,700 per 100 kg. In Sangli, Rajapuri variety slumped further by Rs 400 at Rs 6,000 per 100 kg while Desi Kadppa was quoted down by Rs 300 at Rs 5,000 per 100 kg.
The NCDEX turmeric September contract is currently quoting up by just Rs 10 at Rs 5128 per quintal. The contract moved in the range of Rs 5164-5046 per 100 kg.
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India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.