Comments
Spot turmeric price fell steeply by Rs 500 a quintal, worrying turmeric growers.
“The four markets witnessed heavy arrivals of more than seven thousand bags on Tuesday, but the buyers, looking for low price, purchased limited stocks. Because of the heavy arrivals, prices decreased by Rs 500 a quintal,” said Mr R.V. Ravishankar, President, Erode Turmeric Merchants Association.
He added, “In Nizamabad, due to heavy arrival, prices decreased by Rs 800 a quintal, which has reflected in Erode also. Further, the demand is also very limited. All these caused the decrease in price of the yellow spice.”
In the Erode Turmeric Merchants Association Sales yard, the finger variety fetched Rs 8,509-12,366 a quintal and root variety Rs 8,003-12,166 a quintal.
Salem crop
Finger variety was sold at Rs 12,489-13,260 a quintal. Root variety was sold at Rs 12,066- 12,519 a quintal.
Out of the 2,636 bags that arrived, only 623 were sold.
In the Erode Cooperative Marketing Society, finger variety was sold at Rs 9,610-12,250 a quintal, root variety, Rs 7,514-12,166 a quintal. All the 205 bags kept for sale were sold.
In the Regulated Marketing Committee, the finger variety was sold at Rs 10,029-12,731 a quintal, root variety, Rs 8,059-11,719 a quintal. Out of the 707 bags, 597 bags were sold.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.