1. FAQ grade Turmeric finger of Nizamabad variety and should be boiled and farmer polished/ unpolished, Fingers should be of normal thickness
2. Fingers having size less than 15 mm should not exceed 3% 
3. Physical impurity in terms of dirt, earth clods, stones, bhusa (Chaff) should not exceed 0.5%,
4. Damaged turmeric due to high moisture content or over boiling should not exceed 0.05%.
5. Moisture should not exceed 11%.
6. Unboiled or less boiled should not be more than 0.025 %.
7. Quantity of chora, chora gatha, Khota gatha, Gadhvi gatha and Kapiv gatha should be less than 1%
8. Quantity of round gatha should not exceed 2%.
9. Busha, chaff dirt, earth clods and stones should not be more than 0.75%
10. Turmeric should be free from fungus
11. Turmeric should not be artificially coloured with dyes or chemicals

• At par - Erode, Sangli Desi Cuddapah
• At 10% premium Rajapore and Salem 
• At 2% discount Cuddapah, Duggriala Cuddapah, Nanded and Warangal

The premiums and discounts may be revised by the Exchange on or before the expiry date of the contract as deemed suitable.

   Delivery and Settlement Procedure of Turmeric

Delivery Period Margin is exempted if Goods tendered on designated tender days of the contract month along with all the documentary evidence.

Along with tender notice, Good Delivery Order will be submitted in specified format giving details of Members / Registered Non-Members who shall perform delivery. Each delivery order issued shall be in multiples of minimum delivery lots and shall be designated for only one delivery center and one location in such center. 
It will be accompanied with Warehouse Receipt, Invoice and Good Delivery Quality Certificate valid upto 1 month after the expiry of the contract, as per Contract Specifications from Exchange designated Certifier. Delivery order once submitted cannot be withdrawn or cancelled or changed unless so agreed by MCX in writing. Members tendering the delivery order shall clearly specify the grade and shall be in conformity with the surveyor's certificate accompanied with the delivery document and cannot be changed subsequently.

First amongst the willing Buyers and then amongst the other Buyers. Done on 1st, 5th, 10th, 12th & 15th day of the contract month after closure of market.

Settlement Price on 1st, 5th, 10th, 12th & 15th day of contract month based on the date of allocation of delivery.

All outstanding positions on the expiry of contract shall be closed out at Due Date Rate and respective Pay-in and Pay-out of Funds of such close out with penalty shall be effected on 16th day of Contract Month by 01:00 p.m. All Sellers with undelivered open positions as on expiry date will be imposed 3% penalty of which 90% will be passed on to Buyer.

The members will provide appropriate tax forms wherever required as per law and as customary and neither of the parties will unreasonably refuse to do so.

Not Applicable

Exchange shall take spot prices from a panel of different entities from spot market and shall compute the daily average price. Due Date Rate will be calculated by way of taking simple average of last 5 days of the spot market prices so computed.