A meagre 415 bags of turmeric arrived in the four markets in and around Erode on Thursday. Despite the sparse arrivals, prices failed to gain.
“After five days of closure, traders and exporters expected 3,000-4,000 bags will arrive for sale. But only 415 e arrived for sale. Of this, the traders procured 40 per cent stocks and stockists have purchased 20 per cent.
Prices did not appreciate despite low arrival.
Prices in the Regulated marketing committee decreased by Rs 1,000 a quintal due to poor quality of the arrivals. This is the lowest arrival during this year.
“Only farmers living 2-3 km from Erode brought the stocks,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association. “It is the record lowest arrival.” The Regulated Marketing Committee officials said that this is the first time in ever that a very low quantity of 47 bags arrived for sale and 17 bags were sold.
They said that usually after Diwali the arrival will decrease, but this year record decrease is witnessed by everyone.
At the Erode Turmeric Merchants Association, the finger variety was sold at Rs 4,096-5,509 a quintal; root variety Rs 3,711-4,490.
Salem Hybrid Crop: The finger variety was sold at Rs 5,509-5,861 a quintal. The root variety was sold at Rs 4,496-5,006. Of the arrival of 252 bags, only 60 sold. At the Regulated Marketing Committee, the finger variety fetched Rs 4,313-4,777, the root variety Rs 4,370-4,690. Of 47 bags, only 17 were sold.
At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 4,319-5,655, the root variety Rs 4,390-4,969.
All the 85 bags were sold.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 4,402-5,609, root variety Rs 3,402-4,690.
All the 31 bags were sold.
The Erode Turmeric Merchants Association President said it was holiday for the markets on Friday to condole the death of a member.
The markets will assemble again on Monday.