Spot turmeric prices increased Rs 100 a quintal as demand for the root variety picked up.

“The finger variety contains good curcumin content than the root variety. But now the demand for root variety has increased as it is selling Rs 1,000 less than the finger variety. Delhi merchants have placed good number of orders for the root variety. Erode traders also received reasonable orders for finger variety from North India and are quoting higher prices, ” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

He said of the total arrival of 4,980 bags of turmeric on Thursday, the root variety’s share was 20 per cent and all was sold. The buyers dispatched the purchased turmeric to Kolkata, Bihar, Odisha and some other North Indian States.

Demand for the hybrid turmeric is also on the rise. The buyers, quoting Rs 8,280 a quintal, have procured more than 200 bags.

Turmeric farmers said that they are on a wait and watch mode and if the price increases further they would bring daily more than 10,000 bags. Because of the quality produce available here, even traders from Andhra are placing orders.

At the Erode Turmeric Merchants Association Sales yard, the finger variety was sold at Rs 5,706-7,599, the root variety Rs 5,666-6,599.

Salem Hybrid Crop: The finger variety fetched Rs 7,479-8,280 and the root variety Rs 6,277-6,789.

Of the arrival of 1,443 bags, 870 were sold.

At the Regulated Market Committee, the finger variety ruled at Rs 6,209- 7,695; the root variety Rs 5,809-6,884.

Of the 463 bags arrived, 451 found takers.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 6,477-7,689; the root variety Rs 6,089-6,749. All the 452 bags were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety fetched Rs 6,563-7,659 and the root variety Rs 6,244-6,749. Of the 152 bags 145 found takers.

(This article was published on March 14, 2013)
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