Spot turmeric prices increased on Tuesday with the hybrid variety evoking good demand from North Indian buyers.

“The north Indian traders have placed orders for hybrid variety which fetched an increased price of Rs 300/quintal. But the other varieties slightly decreased. The sales were normal. Out of 8,200 bags arrived for sales, 45 per cent of the goods were sold”, said Mr R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

“Turmeric prices in Nizamabad and Sangli are on a downward trend.. The rise in futures at Rs 7,990/quintal has not reflected in the increase of price in local market. Because of all these reasons, the price of spot turmeric was slightly decreased. Till the end of this month, the same price may prevail,” said the traders.

In the Erode Cooperative Marketing Society, good hybrid varieties arrived with an encouraging sales and the price has increased by Rs 100/quintal. In the Regulated marketing committee, though the prices were stable, the sales were encouraging as the officials said that quality goods arrived for sale.

At the Erode Turmeric Merchants Association Sales yard, finger variety was sold at Rs 5,864-7,966 a quintal, root variety Rs 5,469-7,289.

Salem Crop: Finger variety was sold at Rs 7,432-8,710 a quintal; root variety at Rs 6,911-7,506. Out of the total arrival of 2154 bags, 452 bags were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, finger variety was sold at Rs 6,491-7,819 a quintal; root variety at Rs 6,300-7,160. Of the 193 bags that arrived, 182were sold.

At the Erode Cooperative Marketing Society, finger variety was sold at Rs 7,211-8,036 a quintal; root variety Rs 6,464-7,194. Due to good quality and demand, all the 636 bags arrived were sold.

At the Regulated Marketing Committee, finger variety fetched Rs 7,460-8,089 a quintal; root variety at Rs 7,004-7,338. Out of 738 bags for sale, 722 were sold.

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