Commodities

55% turmeric unsold in Erode

R Sundaram Erode | Updated on September 10, 2014




Lack of new orders deterred turmeric sale on Wednesday. “The traders, for want of new orders from North India, are buying limited quantities and keen on quality produce,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

He said on Wednesday 2,000 bags of turmeric arrived for sale, but only 890 were sold. Prices were up by ₹200 a quintal for hybrid finger turmeric and traders purchased all the 120 bags on offer. They also procured 50 bags of hybrid root variety ₹200 lower than Tuesday. Prices of other varieties remained unchanged.

At the Erode Turmeric Merchants Association sales yard, the finger turmeric fetched ₹3,929 – 6,019, the root variety ₹3,677 – 5,589.

Salem Hybrid: The finger variety was sold at ₹5,271-6,417, the root variety at ₹5091 – 5,711. Of the 484 bags on offer, 131 were sold.

At the Regulated Market Committee, the finger turmeric was sold at ₹5,151 – 6,149 , the root variety at ₹4,923 – 6,134. Of the 344 bags that arrived, 290 were traded.

At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹5,074 – 6,139, the root variety at ₹5,034 – 5,931. All the 442 bags put up for sale were picked up.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric sold at ₹5709 – 6,242, the root variety at ₹5,499 – 5,919. All the 220 bags placed for sale found takers.

Published on September 10, 2014

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