Commodities

Nizamabad sales hit Erode turmeric

Our Bureau Erode | Updated on February 04, 2011

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Spot turmeric sale decreased and the price of the commodity also witnessed a downward trend on Friday.

“The sale of Erode spot turmeric usually depends on the sale of the commodity in Nizamabad. On Thursday 13,000 bags of turmeric were sold in Nizamabad, so the buyers automatically kept away from purchasing the turmeric, as the North Indian buyers give first preference to the Nizamabad crop. On Friday, the sale of turmeric at Erode was affected,” said Mr R.V. Ravishankar, President, Erode Turmeric Merchants Association.

He said: “The price of spot turmeric has decreased Rs 200 a quintal and the farmers expecting increased price were disappointed”. The Salem variety also decreased Rs 150 a quintal.

In the Erode Turmeric Merchants Association Sales Yard, the finger variety of new crop fetched Rs 8,700-12,534 a quintal, the root variety fetched Rs 7,509-12,389.

The finger variety of old crop was sold at Rs 9,066-12,668, the root variety Rs 9,006-12,589. Totally 2,417 bags arrived for sale and 780 were sold.

The finger variety of Salem crop was sold at Rs 12,700-13,536, the root variety Rs 12,199-12,669. In Erode Cooperative Marketing Society, the new crop of the finger variety was sold at Rs 10,236-10,506. The root variety was sold at Rs 8,277-8,714.

The finger variety (old crop) fetched Rs 12,696-13,016, the root variety Rs 12,069-12,844. Out of 240 bags, 174 were sold.

In the Regulated Market Committee, the finger variety was sold at Rs 11,989 -12,721, the root variety Rs 11,796-12,359. Out of 1,224 bags that arrived for sale, only 490 were sold.

Published on February 04, 2011

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