The sale of turmeric is in moderate position.
“The arrival of turmeric was slightly improved but the sale was not improved. Only medium and poor quality turmeric is arriving for sale for the past four days, the buyers after examining the samples quoting decreased price have purchased very limited quantity for the local supply. They are still waiting for the upcountry demand”, said RKV Ravishankar a trader.
He said that the price in the Turmeric Futures was not increased and showed a minus status. 2,800 bags arrived on Thursday and very limited buyers were seen in all the four markets due to poor demand .
In the Erode Cooperative Marketing Society some 50 bags of good variety turmeric was kept for sale which fetched good price of ₹8,800 a quintal, similarly twenty bags of root variety which was in good qualitysold for ₹7,993 a quintal which is₹ 200 a quintal more than previous day price. The finger and root varieties in other markets are sold for decreasing price and both varieties were decreased by ₹200 a quintal.
At the Erode turmeric merchants Association Sales yard, finger turmeric sold at₹5,505 to ₹8,555 a quintal, root variety sold at₹5,255 to ₹7,814 a quintal. Of the arrival of 1,738 bags only 614 bags were sold.
At the Regulated Marketing Committee, finger turmeric sold at ₹7,229 to 8,231 a quintal, root variety sold at ₹6,877 to 7,874 a quintal. Of the arrival of 367 bags 193 bags were sold.
At the Erode Cooperative Marketing Society, finger turmeric sold at ₹7,499 to 8,800 a quintal, root variety sold at ₹7,299 to 7,993 a quintal. Out of 619 bags kept for sale, 565 bags were sold.
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