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The price of spot turmeric increased further on Wednesday by Rs 800 a quintal on demand from North India.
Since the No. 8 variety of turmeric fetched a good price in the Regulated Marketing Society on Tuesday, more farmers brought the commodity; 1,130 bags arrived on Wednesday. “The Erode traders have received encouraging orders from North India, and so they are paying a ‘good price' for the commodity. On Wednesday, the spot turmeric increased by Rs 600-800 a quintal”, said Mr R.V. Ravishankar, President, Erode Turmeric Merchants Association.
In the Erode Turmeric Merchants Association Sales Yard, the finger variety sold at Rs 8,250-12,369 a quintal. The root variety was sold at Rs 8,000-11,317.
Salem Crop: The finger variety sold at Rs 12,561-13,311, the root variety Rs 11,287-11,530. Out of 2,770 bags that arrived, 849 were sold.
In the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety sold at Rs 10,627-12,019, the root variety at Rs 9,417-11,439. Out of 208 bags kept for sale, 117 were sold.
In the Erode Cooperative Marketing Society, the finger variety sold at Rs 10,861-12,691, root variety Rs 9,800-11,696. All the 139 bags were sold. In the Regulated Market Committee, the finger variety fetched Rs 10,868-12,880, the root variety Rs 9,869-11,700. All the 1,130 bags were sold.
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