Spot turmeric prices gained Rs 200 a quintal on Friday on increasing upcountry orders.“Traders have received good demand from North India, so they quoted higher prices and purchased both the varieties of turmeric. The price of the yellow spice also increased by two per cent in the futures trade and the North Indian merchants placed good number of orders for quality turmeric. They purchased 80 per cent of the arrived turmeric,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

He said till end-April they will get good orders and also due to higher prices , the farmers have started bringing in 6,000 and odd bags for sale . Turmeric price increased Rs 1,000 a quintal in the Regulated Market Committee and the highest amount of the sold turmeric reached at Rs 8,777. Aarrival increased to 1008 bags in the Regulated Market Committee and the sales also rose to 946 bags.

At the Erode Turmeric Merchants Association sales yard (Private Market), the finger variety was sold at Rs 5,899-8,106; the root variety Rs 5,557-6,909.

Salem Hybrid Crop: The finger variety fetched Rs 7,788-8,668; the root variety Rs 6,700-7,026. At the Regulated Market Committee, the finger variety was sold at Rs 7,109-8,777 and the root variety Rs 6,389-7,099. Of the 1,008 bags arrived, 946 bags were sold.

At the Erode Cooperative Marketing Society, the finger variety quoted Rs 5,981-8,189; the root variety Rs 5,286-7,111. All the 480 bags were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger verity was sold at Rs 6,659-7,599; the root variety Rs 6,569-6,794. All the 38 bags found takers.

(This article was published on March 15, 2013)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.