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Demand for new turmeric increased in Erode markets on Wednesday with all produce on offer getting traded.
“All the 1,500 bags of new turmeric which arrived were sold. In addition, 5,700 bags of old turmeric arrived and of these, 2,700 were sold. The price of old turmeric was up ₹100 a quintal and new turmeric by ₹200,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
He said receipt of new orders from North India has been delayed and traders are hopeful of getting fresh upcountry orders within a week’s time.
Salem Turmeric which is the best in quality was sold at ₹9,200-9,400 a quintal at Erode, but only 20 bags arrived.
At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹6,194-8,616 a quintal; the root variety ₹6,010-8,139.
New turmeric: The finger variety fetched ₹6,588-8,769 and the root variety ₹7,010-8,239. Of the 2,306 bags that arrived, 832 were sold.
At the Regulated Market Committee, the finger turmeric was sold at ₹7,499-8,588; the root turmeric ₹7,277-8,341. Of the 843 bags on sale, 677 were traded.
At the Erode Cooperative Marketing Society, the finger turmeric went for ₹7,369-8,589 and the root variety ₹7,369-8,311. Of the 905 bags on offer, 809 were picked up.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric was sold at ₹7,200-8,569 and the root variety ₹6,139-8,282. All the 145 bags found takers.
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