Lack of new orders pulled down turmeric by Rs 100 a quintal on Tuesday. Prices fell in Nizamabad and Sangli too.

“Only one or two exporters received fresh orders. Besides, even those orders were small, so buyers quoted less and purchased little,” said Erode Turmeric Merchants Association President R.K.V. Ravishankar.

Of the 3,800 bags that arrived, only 40 per cent were sold. Sales were poor in Nizamabad and Sangli too. All the 80 bags of hybrid turmeric that arrived were sold.

Due to falling prices and purchases, farmers have decided to bring less stock to auction centresfrom next week.

At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 4,000-5,529 a quintal, the root variety at Rs 3,919-4,777.

Salem hybrid crop: The finger variety was sold at Rs 5,567-6,179, the root variety at Rs 4,619-5,799. Of the 816 bags that arrived, 92 were sold.

At the Regulated Market Committee, the finger variety was sold at Rs 4,336-5,349, the root variety at Rs 4,288-5,107. Of the 263 bags that arrived, 258 were sold.

At the Erode Cooperative Marketing Society, the finger variety fetched Rs 4,297-5,636, the root variety at Rs 4,060-5,094. All the 265 bags kept for sale were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 4,468-5,619, the root variety Rs 3,250-5,072. All the 67 bags kept for sale were sold.

(This article was published on November 27, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.