Spot turmeric rose by Rs 1,400 a quintal on Wednesday as the quality of arrivals improved.

“Though fresh upcountry orders are still missing, traders quoted Rs 7,509 a quintal, which is Rs 1400 a quintal more than Tuesday’s price, for the 300 bags of super fine hybrid variety kept for sale. They quoted increased price for other quality goods, too,” said Erode Turmeric Merchants Association President R.K.V. Ravishankar.

Arrival of the new crop has increased over the past few days. Of the 3,300 bags that arrived on Wednesday, 800 were from the new crop. The new crop was sold at Rs 6,400.

Stockists bought over 1,000 bags.

At the Erode Turmeric Merchants Association sales yard, the finger variety (new crop) was sold at Rs 4,411-6,489, the root variety at Rs 4,106-5,709. The old-crop finger variety was sold at Rs 5,596-6,699, the root variety at Rs 5,209-5,969.

Salem hybrid crop: The finger variety was sold at Rs 5,885-7,509, the root variety at Rs 5,489-6,286. Of the 880 bags that arrived, 410 were sold.

At the Regulated Market Committee, the finger variety was sold at Rs 5,374-6,689, the root variety at Rs 4,574-5,801. Of the 294 bags that arrived, 263 found takers.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 5,311-6,404, the root variety at Rs 4,869-6,051.

All the 225 bags kept for sale were sold. At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 5,579-6,500, the root variety at Rs 4,579-5,919.

All the 90 bags kept for sale were sold.

(This article was published on February 20, 2013)
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