Only 40 per cent of the turmeric stocks was sold on Friday for want of buyers.

“The sudden decrease in futures and also for want of demand from North India, exporters and traders purchased very limited stock to fulfil their local orders.

The farmers brought 3,500 bags on Friday, and 1,420 were sold”, said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

They have not yet received seasonal orders.

On Friday, prices of both varieties increased by Rs 50-100 a quintal.

Because of arrival of fair average quality hybrid, the Salem Hybrid prices decreased Rs 200 . At the Erode Turmeric Merchants Association Sales yard, the finger variety was sold at Rs 3,499-5,599, the root variety Rs 3,099 to Rs 5447 a quintal.

Salem hybrid crop: The finger variety was sold at Rs 5,586-6,066, the root variety Rs 5,009-5,699.Of the 919 bags on offer, there were takers for 301.

At the Regulated Marketing Committee, the finger variety was sold at Rs 4,916-5,828, the root variety Rs 4,872-5,728.

Of the 721 bags up for sale, 615 found buyers.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 5,396-6,116, the root variety Rs 5,129-5,637. All 206 bags of turmeric put up for sales were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 4,777 to Rs 6,118, the root variety Rs 4,500 695 a quintal.

All the 131 bags found takers.

(This article was published on September 21, 2012)
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