Commodities

60% turmeric offerings unsold in Erode markets

R Sundaram Erode | Updated on August 01, 2014 Published on August 01, 2014

With orders not flowing from North India, turmeric sales dropped sharply in Erode markets on Friday with 60 per cent of arrivals being unsold.

“Only 40 per cent of the stocks that arrived was sold. Prices were also decreased. There is no change in the hybrid root turmeric price,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

He said that prices were fluctuating dropping ₹100 a quintal on Thursday and rising ₹100 a quintal on Friday. All traders are waiting for orders from North India.

At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹4,191-6,399 a quintal, the root variety ₹3,909-6,329.

The finger turmeric was sold at ₹5,600-7,414; the root variety ₹5,469-6,599. Of the 864 bags that arrived, 239 were sold.

At the Regulated Market Committee, the finger turmeric was sold at ₹5,699-6,625. The root variety went for ₹5,611-6,439. Of the 1,128 bags on offer, 841 were picked up.

At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹5,690-6,489, the root variety ₹5,536-6,387. All the 528 bags put for sale found takers.

Published on August 01, 2014
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