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Spot turmeric prices at Erode increased ₹100 a quintal on the back of orders from upcountry.
“Demand for hybrid turmeric is high and so traders are buying quality ones quoting higher price. The fine variety Salem hybrid is available at ₹8,000, but of the 400 bags that arrived, only 40 bags were sold at a higher price. The rest sold at a lower price. Other local varieties were offered at ₹6,200-6,500 based on the quality. Traders in Erode are receiving limited demand from merchants of North India and certainly, demand will increase,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
On Tuesday, 4,600 bags of turmeric arrived for sale and 60 per cent was sold. At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at ₹4,809-6,604; the root variety ₹4,566-6,399 a quintal.
Salem Hybrid: The finger variety quoted ₹6,066-7,320 and the root variety ₹5,706-6,511. Of the 1,115 bags that arrived, 548 were sold.
At the Regulated Market Committee, the finger turmeric was sold at ₹5,959-6,779; the root variety ₹5,889-6,559 . Of the 534 bags on offer, 491 were traded.
At the Erode Cooperative Marketing Society, the finger variety fetched ₹5,769-6,969 and the root variety ₹5,769-6,589. All the 846 bags found takers.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric was sold at ₹5,569-6,919; the root variety ₹5,072-6,569. All the 139 bags were sold.
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