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Due to arrival of super fine hybrid turmeric, price increased by ₹700 a quintal.
“Virtually, we are not getting heavy demand from North India for the past three or four months and so the farmers and traders are in distress now. Because of receipt of one or two orders, the traders are quoting a lower price for the yellow spice, buying very limited stock. But on Thursday due to arrival fine variety hybrid finger and root turmeric, the buyers procured all the 470 bags of hybrid turmeric for a higher price,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
Because of arrival of fine variety hybrid finger turmeric, the traders quoted an increased price of ₹700 a quintal more than previous sale price. They procured all the 320 bags of hybrid finger turmeric. The hybrid root variety was increased by ₹200 a quintal. The price of local finger turmeric was increased by ₹200 a quintal.
At the Erode Turmeric Merchants Association sales yard, finger turmeric was sold at ₹3,600-6,065 a quintal, the root variety ₹3,496-5,377.
Salem Hybrid: The finger turmeric fetched ₹5,377-7,029 and the root variety ₹4,515-5,409. Of the total arrival of 410 bags, 103 were sold.
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