With buyers showing interest in hybrid turmeric, its prices increased on Wednesday with all 150 bags on offer being picked up.
“Spot turmeric prices increased marginally by ₹100 a quintal, but the sales were poor due to non-receipt of fresh orders from the merchants in North India. Further, traders did not receive local orders either. Traders purchased all the 150 bags of hybrid finger and root variety turmeric,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.
He said only about 40 per cent of the 5,000 bags that arrived was sold. The price of the yellow spice in other centres such as Nizamabad, Warangal, Sangli and Assam are equal to Erode price. He also said till August-end, price may rule at current levels with slight fluctuations.
The hybrid finger turmeric was increased by ₹800 a quintal and the root variety by ₹200. Other varieties increased by ₹100-200.
At the Erode Turmeric Merchants Association sales centre, the finger turmeric was sold at ₹4,199-6,449, the root variety at ₹4,099-6,399.
Salem Hybrid: The finger variety fetched ₹5,619-7,529, the root variety ₹5,409-6,600. Of the 956 bags that arrived, 231 were sold.
At the Regulated Market Committee, the finger variety was sold at ₹5,674-6,601, the root variety at ₹5,569-6,589. Of the 847 bags on offer, 794 were traded.
At the Erode Cooperative Marketing Society, the finger turmeric was sold at ₹5,683-6,564, the root variety at ₹5,677-6,414. Of the 941 bags put up for sale, 888 bags were picked up.
At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger turmeric was sold at ₹5,750-6,542, the root variety at ₹5,959-6,469. Of the 440 bags under hammer, 416 got sold.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.