Commodities

N. Indian demand lends colour to turmeric

Our Correspondent Erode | Updated on December 16, 2014 Published on December 16, 2014

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Spot turmeric prices increased at Erode markets on Tuesday o the back of demand from North India.

“Following the receipt of upcountry demand, traders have started buying turmeric quoting higher price and arrivals also increased to 4,500 bags. Buyers procured 60 per cent to fulfil their committed upcountry orders. Prices may rule around current levels for another few days and if demand increases or superfine quality turmeric arrives for sale, prices may go up,” said RKV Ravishankar, President, Erode Turmeric Merchants Association.

Hybrid varieties were up ₹200 a quintal and the local varieties by ₹150.

At the Erode Turmeric Merchants Association sales yard, the finger turmeric was sold at ₹3,586-7,319 a quintal; the root variety ₹3,523-6,749.

Salem Hybrid: The finger variety was sold at ₹6,009-8,014; the root variety ₹5,809-6,986. Of the 1,119 bags on sale, 427 were sold.

At the Regulated Market Committee, the finger turmeric went for ₹6,360-7,441 and the root variety ₹6,288-6,799. Of the 1,081 bags that arrived, 998 were traded.

At the Erode Cooperative Marketing Society, the finger turmeric quoted ₹6,200-7,419; the root variety ₹5,909-6,799. Of the 962 bags put up for sale, 948 found takers.

Published on December 16, 2014
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