Spot turmeric improved slightly on arrival of quality produce. “Virtually no traders have received fresh orders and so they are not interested in buying. But some stockists purchased at higher prices. Upcountry demand
is expected to pick up only in February-end or March first week,” said Erode Turmeric Merchants Association R.K.V. Ravishankar.
He said harvest has started in some places and by the middle of March, the crop may arrive for sale.
Meanwhile, local spices firms placed orders.
The traders said only 2,996 bags arrived for sale, of
which 60 per cent was sold. The hybrid variety was sold for an increased price of Rs 6,589 a quintal, Rs 600 more than the last week.
At the Erode Turmeric Merchants Association Sales yard, the finger
variety fetched Rs 4,009-6,189, the root variety Rs 3,804-5,409.
Salem hybrid crop: The finger variety was sold at Rs 5,419-6,589, the root variety at Rs 5,109-5,669. Of the 491 bags, 192 were sold.
At the Regulated Market Committee, the finger variety was sold at Rs 5,447-6,300, the root variety at Rs 5,274-5,719.
Of the 438 bags that arrived, 417 were sold.
At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 4,924-5,985, the root variety at Rs 5,009-5,719. Of the 166 bags, 131 were sold.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,017-6,512 the root variety at Rs 4,500-5,960. All the 94 bags kept for sale were sold.