Demand from the eastern States such as Bihar and West Bengal lifted spot turmeric by Rs 200 a quintal on Friday. Erode Turmeric Merchants Association President R.K.V. Ravishankar said that prices had been rising for the last three days and many exporters have received orders from Bihar and Kolkata. They are expecting more orders from other parts of the country. For the last three days, quality turmeric is arriving for sale, so traders quoted higher.
Stockists have started purchasing heavily. On Friday, 6,500 bags arrived, of whichstockists purchased 2,500.
The finger variety increased by Rs 200 a quintal in all the markets and the hybrid variety by Rs 100 a quintal. Only 400 bags of the hybrid variety arrived, which were sold totally for Rs 7,489 a quintal.
At the Erode Turmeric Merchants Association Sales yard, the finger variety was sold at Rs 4,399-6,647, the root variety at Rs 4,296-6,106.
Salem hybrid crop: The finger variety fetched Rs 6,834-7,489, the root variety at Rs 6,190-6,499. Of the 1,457 bags that arrived, 30 per cent was sold.
At the Regulated Market Committee, the finger variety was sold at Rs 5,678-6,903, the root variety at Rs 5,599-6,388. Of the 1,113 bags put up for sale, 817 found takers.
At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 6,066-6,799, the root variety at Rs 5,539-6,399. All the 501 bags that arrived were sold.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,601-6,982, the root variety at Rs 5,169-6,251. All the 179 bags that arrived were sold.