Commodities

50% turmeric unsold in Erode

Our Correspondent Erode | Updated on June 05, 2014 Published on June 05, 2014




With traders yet to receive fresh orders from North India for turmeric, over half of the produce brought to Erode markets on Thursday went unsold.

“We are losing the hope each day, as traders have not received fresh demand from North India. The first sale season has concluded and the next sale season will start only in the second week of August. Till then, traders will buy turmeric to meet orders received from local turmeric powder grinders and masala firms. Turmeric growers also brought only medium and poor quality turmeric,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

Stockists are keen in buying quality turmeric to stock them. They purchased limited stocks. The price of the yellow spice is stable in futures and local markets.

During the same period last year, turmeric ruled ₹6,700-7,000 a quintal and the hybrid finger turmeric was sold at ₹7,500. About 3,200 bags arrived for sale and 50 per cent was sold. It was sold at ₹ 6,100-6,500, or ₹400 lower than last year. The hybrid variety also decreased by ₹1,000 and was sold at ₹6,500 on Thursday.

At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹4,219 to ₹6,177 and root variety ₹3,900 to ₹5,891.

The finger turmeric was sold at ₹5,603 to ₹6,594 and root variety ₹5,436 to ₹6,194. Out of the arrival of 535 bags, only 74 found takers.

At the Regulated Market Committee, the finger variety fetched ₹5,616-6,568 and the root variety ₹5,379-6,236. Out of the arrival of 392 bags, 287 were sold.

At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹5,850-6,341 and the root variety ₹5,534-6,120. All the 603 bags of turmeric put up for sale found takers.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric was sold at ₹5,529-6,242 and the root variety ₹4,216-5,942. All 155 bags placed for salewere sold.

Published on June 05, 2014
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