Only half the stocks that arrived at the Erode turmeric market were sold on Friday.

“ For want of demand, exporters kept away from buying. Stockists who had purchased over 25 lakh bags of turmeric were reluctant to buy at higher prices and quoted lower prices, and purchased minimally”, said Mr R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

For the past one week, exporters have been receiving orders from North India for only hybrid and best quality turmeric. Having fulfilled the contracts, they have stopped purchasing.

Even the Hybrid Salem crop decreased by Rs 80 a quintal. Other varieties fell by Rs 150 a quintal. Stockists have ruled out any more purchases at current prices, having invested a huge sum already in the commodity.

At the Erode Turmeric Merchants Association Sales yard, the finger variety was sold at Rs 2,219-3,731 a quintal and the root variety at Rs 2,197-3,611.

Salem Crop: The finger variety was sold at Rs 3,320-4,209, the root variety Rs 2,980-3,814 . Of 2,019 bags that arrived, 987 were sold.

At the Regulated Marketing Committee, the finger variety was sold at Rs 3,329-3,709 and the root variety at Rs 3,469-3,869. Of 1,605 bags kept for sales, 1,580 were sold.

At the Erode Cooperative Marketing Society, the finger variety was sold at Rs 3,369-3,789. The root variety at Rs 3,389-3,729. All 1,212 bags arrived for sales were sold.

At the Gobichettipalayam Cooperative Marketing Society, the finger variety was sold at Rs 2,869-3,859 a quintal, root variety Rs 2,590-3,639 a quintal. All the 415 bags of turmeric kept for sales were sold.

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