Commodities

Poor quality grinds turmeric

Our Correspondent Erode | Updated on October 28, 2013 Published on October 28, 2013

Spot turmeric prices decreased on Monday due to poor quality offerings and slack upcountry demand.

“Only few orders were received by local traders and exporters. Of the 4,800 bags that arrived, 55 per cent was sold at a lower price. Traders and exporters purchased 40 per cent of the arrivals, while stockists procured 15 per cent,” said R.K.V. Ravishankar, President, Erode Turmeric Merchants Association.

At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at Rs 3,677-6,016; the root variety Rs 3,499-5,111 a quintal.

Salem Hybrid Crop: The finger variety fetched Rs 4,877-6,419 and the root variety Rs 4,534-5,517. Of the 852 bags that arrived, only 378 were sold.

At the Regulated Market Committee, the finger variety was sold at Rs 5,199-6,099; the root variety Rs 4,123-5,015. Of the 971 bags on offer, 692 were traded.

At the Erode Cooperative Marketing Society, the finger variety quoted Rs 4,650-5,912 and the root variety Rs 4,149-5,042. All the 371 bags were sold.

At the Gobichettipalayam Agricultural Cooperative Marketing Society, the finger variety fetched Rs 5,089-6,110 and the root variety Rs 4,060-5,211. All the 208 bags found takers.

Published on October 28, 2013
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