Demand from other States lifted spot turmeric by Rs 150 a quintal on Monday.

“Some exporters that received upcountry orders quoted higher. Similarly, stockists too purchased at higher prices. Arrivals also have dipped to 2,800 bags, of which 70 per cent to 80 per cent was sold,” said Erode Turmeric Merchants Association President R.K.V. Ravishankar.

He said that prices will remain high for a few days following an uptrend at Nizamabad, Sangli and Warrangal. North Indian merchants have placed orders for quality turmeric. If arrivals go up, prices may go down Rs 50-100 a quintal.

At the Erode Turmeric Merchants Association sales yard, the finger variety fetched Rs 3,719-5,589 a quintal, the root variety Rs 3,509-5,269.

Salem hybrid crop: The finger variety was sold at Rs 5,599-6,116, the root variety at Rs 4,917-5,459. Of the751 bags that arrived, 65 per cent was sold.

At the Regulated Market Committee, the finger variety was sold at Rs 4,472-5,559, the root variety at Rs 4,369-5,239. Of the 794 bags that arrived, 775 were sold.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 4,634-5,819, the root variety at Rs 4,164-5,489. Of the 679 bags that arrived, 617 were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety was sold at Rs 4,169-5,619, the root variety at Rs 3,569-5,012. All the 205 bags kept for sale were sold.

(This article was published on December 17, 2012)
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