On Monday, spot turmeric sales were very low. “The sales of turmeric in the four markets were very low for want of upcountry demand for the commodity. But the prices continued to remain at last week's level”, said R. K.V. Ravishankar, President, Erode Turmeric Merchants' Association.

He said that because of the low price in other turmeric sales centres, such as Nizamabad and Sangli, the prices in Erode market did not improve. But both traders and turmeric growers are expecting large orders from North India next month. They say that the quality of Erode turmeric is better than in other producing areas . He said after that the prices of both varieties of turmeric may increase by Rs 500-750 a quintal.

The bulk buyers said that though around 5,600 bags of turmeric arrived for sale on Monday, only 35-40 per cent of them were sold. Now they are buying to meet one or two small orders received by them from other States. But the prices in the Regulated Marketing Committee were reduced by Rs 175 a quintal over quality issues.

At the Erode Turmeric Merchants' Association Sales Yard, the finger variety fetched Rs 4,599-5,757 a quintal, and the root variety, Rs 4,229-4,911.

Finger, root varieties

The finger variety sold at Rs 5,569-6,621 a quintal, and the root variety, Rs 4,766-5,311. Totally, of the 1,847 bags that arrived, 412 bags were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety sold at Rs 4,246-5,760 a quintal, and the root variety, at Rs 3,160-5,269. All the 280 bags kept for sales were sold.

At the Erode Cooperative Marketing Society, the finger variety fetched Rs 4,218-5,809 a quintal, and the root variety, Rs 4,009-5,220. Of the 998 bags kept for sales, 915 bags were sold.

At the Regulated Marketing Society, the finger variety ruled at Rs 5,299-5,931 a quintal, and the root variety, Rs 4,689-5,149. All the 653 bags kept for sales were sold.

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